Question
Jenny offered to sell her boutique to Rita at RM750,000. Rita agrees to buy it if Jenny reduces the price to RM700,000. Is there a
Jenny offered to sell her boutique to Rita at RM750,000. Rita agrees to buy it if Jenny reduces the price to RM700,000. Is there a valid contract?
Answer
a)Yes, the contract is valid because Rita has accepted Jenny's offer.
b) No, the contract is not valid because it is not in writing.
c) No, the contract is not valid because there was a counter-offer.
d) Yes, the contract is valid because there is lawful consideration.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Law for business and personal use
Authors: John E. Adamson
18th edition
538445887, 538445882, 9781111803131 , 978-0538445887
