Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Holly offered to sell her car to Carina for $35,000 but Carina counter-offered with a price of $28,000. What is the effect of Carina's counteroffer

Holly offered to sell her car to Carina for $35,000 but Carina counter-offered with a price of $28,000. What is the effect of Carina's counteroffer on Holly's original offer? Question 3 options: 1) Holly's original offer is still available for acceptance until Holly specifically revokes it. 2) The original offer is no longer available because it has lapsed. 3) Holly's original offer is no longer available for acceptance because Carina's counteroffer is a rejection of the original offer. 4) Holly's original offer is still available because she has not replaced it with a new offer 5) Carina's offer wasn't in writing, so it is meaningless.

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_2

Step: 3

blur-text-image_3

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

Criminal Law And Its Processes Cases And Materials

Authors: Sanford H. Kadish, Stephen Schulhofer, Rachel E. Barkow

11th Edition

1543810772, 978-1543810776

More Books

Students also viewed these Law questions