Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 11, 2024

Larry is opening a new business and needs computers. He goes to a computer store and discuss what he needs and price range he can

Larry is opening a new business and needs computers. He goes to a computer store and discuss what he needs and price range he can afford. The store manager offers to sell Larry, "up to 10 computers at $950 each." Larry accepts. Is this a binding contract? Explain why or why not

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

Recommended Textbook for

Business Law and the Legal Environment

Authors: Jeffrey F. Beatty, Susan S. Samuelson, Dean A. Bredeson

6th Edition

1285143310, 1111530602, 978-1285143316, 9781111530600, 978-1111530600

More Books

Students also viewed these Law questions

Question

★★★★★

Ida Ross has decided to purchase a new home in a retirement community for $400,000. She has $50,000 in cash for the down payment but needs to borrow the remaining $350,000 to finance the purchase....

Answered: 1 week ago

Question

★★★★★

34. What are the purposes of the following documents: (a) material requisition form, (b) labor time record, and (c) job-cost record.

Answered: 1 week ago

Question

★★★★★

2. Reinforce students for encouraging each other. French pronunciation is difficult and awkward at first. Lets help each other by eliminating all giggles when someone is brave enough to attempt a new...

Answered: 1 week ago

Question

★★★★★

On March 1, 2014, Westmorlan Company acquired real estate on which it planned to construct a small office building. The company paid $75,000 in cash. An old warehouse on the property was razed at a...

Answered: 1 week ago

Question

★★★★★

Wilco acquires 1,500 of the 10,000 shares of Seminole Corporation on January 1 , 2022 , for $900,000. Seminole reports $500,000 of net income in 2022 and paid $4 per share in dividends. What amount...

Answered: 1 week ago

Question

★★★★★

Ellipses Corp is a small business that operates in Herndon, VA. The company is located at10 Period Lane, Herndon, VA 20170. Its federal Employer Identification Number is 77-7777777, and its...

Answered: 1 week ago

Question

★★★★★

Use the following information to answer the next three questions. Cem Co. is the owner of his own business. On December 31, CemCo.'s assets, liabilities, revenues and expenses were: Insurance...

Answered: 1 week ago

Question

★★★★★

The need for ongoing change within the US healthcare system is warranted. However, before implementing change, advanced notice is given and explicit instructions on how the change will happen should...

Answered: 1 week ago

Question

★★★★★

People who want to raise kids should have to get a parenting license first. Parenting is a lot like piloting an airplane. In both cases, people's lives are in your hands: you could seriously injure...

Answered: 1 week ago

Question

★★★★★

From a collection of 7 different numbers and 8 different letters, 7- place license plates can be designed in such a way that the first 4 places are numbers and the next 3 places are letters....

Answered: 1 week ago

Question

★★★★★

Answer these questions about IP address space: (a) What is the theoretical maximum address space for a 32-bit address, such as that used by IPv4? (Ignore the fact that some addresses aren't usable or...

Answered: 1 week ago

Question

★★★★★

1. Jeff makes a contract with Acme Farms to buy 1000 apples for $200, which is the average price for apples at that time. The contract specifies that Jeff must have the apples by April 2 so that he...

Answered: 1 week ago

Question

★★★★★

Question 1 (2 points) v Saved Listen Twenty-five plasma TVs were tested, and the number of watts per hour they used recorded. Find the midpoint for each class in the table below. Class Limits...

Answered: 1 week ago

Question

★★★★★

Production of a special order will increase operating profit when the additional revenue from the special order is greater than a. the direct material costs in producing the order. b. the fixed casts...

Answered: 1 week ago

Question

★★★★★

In late January 0008, George Ray, president of Restoration Resort Ltd., is concerned about how he could finance the more than $200,000 he esc14 timates he needs to convert, improve, and expand the...

Answered: 1 week ago

Question

★★★★★

How is the evaluation of short-term pricing decisions different from the evaluation of long-term decisions'1.

Answered: 1 week ago

Previous Question Next Question