Question
Donna wants to purchase a duplex for investment purposes.The duplex is near a thriving business district and she plans to rent it to young professionals.It
Donna wants to purchase a duplex for investment purposes.The duplex is near a thriving business district and she plans to rent it to young professionals.It is listed for sale by the current owner, SFR Investments, LLC ("SFR Investments") for $1,200,000.00.Because the building needs repair and updating, Donna offers SFR Investments $800,000.00.SFR Investments responds that it cannot sell the building for less than $1,000,000.00.Donna tells SFR Investments that she is willing to pay $900,000.00 but that she is looking at other investment options.After further research, Donna determines that the duplex is ideal and that she is comfortable paying $1,000,000.00; so she contacts SFR Investments to say that she will accept its offer of $1,000,000.00.Which of the following is true?
Group of answer choices
Donna and SFR Investments do not have an agreement because SFR Investments revoked its offer of $1,000,000.00.
Donna and SFR Investments have an agreement since Donna is willing to pay the $1,000,000.00 offered by SFR Investments.
Donna and SFR Investments do not have an agreement because Donna terminated SFR Investments' offer of $1,000,000.00.
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