Question
George goes to a car lot on April 1, 1998 to purchase an '89 LeBaron.The salesman offers to sell it to him for $2500, George
George goes to a car lot on April 1, 1998 to purchase an '89 LeBaron.The salesman offers to sell it to him for $2500, George says he will pay $1500.The salesman then says $2000 and George nods and shakes the man's hand.They then proceed to written sales contract and finalize the agreement.George returns to pay for the car on the morning of April 3, at which time the salesman gives him the keys and he takes possession of the car.For the above case:
a.Who makes the offer in this contract?1
b.When does acceptance occur?1
c.What is the consideration for each party?2
d.When does title pass to George?1
e.When has the contract been performed?1
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