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Jerry offers to sell George his condo for $500,000.00 and tells George he has until noon on Friday to respond. On Thursday George decides to
- Jerry offers to sell George his condo for $500,000.00 and tells George he has until noon on Friday to respond. On Thursday George decides to accept the offer, but on his way to see Jerry he meets Kramer, who proudly says he bought Jerry's condo. George accepts Jerry's offer in person, in writing on Thursday and demands sale completion. Are Jerry and George in a binding contract? Why or why not? (2 marks)
- What is one thing George could have done differently? (1 mark)
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
