Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hermie sent Waldo a letter and offered to paint Waldo's house for $1,200. Before Waldo could accept, he was struck by a bus and died.

Hermie sent Waldo a letter and offered to paint Waldo's house for $1,200. Before Waldo could accept, he was struck by a bus and died. The representative of Waldo's estate saw the letter and called Hermie, telling him that Waldo's estate accepted the offer to have Waldo's house painted.

Based on these facts, the representative accepted the offer and created a binding contract between Waldo's estate and Hermie.

A. True

B. False

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Foundations Of Financial Management

Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen

18th International Edition

1265074658, 9781265074654

More Books

Students also viewed these Finance questions

Question

What is decentralized control processing architecture?

Answered: 1 week ago

Question

consider how qualitative data can add value to your research;

Answered: 1 week ago

Question

consider the use of electronically obtained qualitative data;

Answered: 1 week ago