Question
Frederick faxes Kim, offering to sell a 50 percent interest in the Fab Hotel in New York for only $135 million. Kim faxes back, replying
Frederick faxes Kim, offering to sell a 50 percent interest in the Fab Hotel in New York for only $135 million. Kim faxes back, replying to pay $115 million. Moments later, Kims business partner convinces her that Fredericks offer was a bargain, and she faxes an acceptance of his $135 million offer. Does Kim have a binding contract? (3 points)
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Financial Accounting Tools For Business Decision Making
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
8th Edition
1119316022, 978-1119316022
