Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lorenzo says he will sell his car for $10,000. Lindsay interrupts Lorenzo and says, I accept your offer to sell your car for $10,000. Now

Lorenzo says he will sell his car for $10,000. Lindsay interrupts Lorenzo and says, "I accept your offer to sell your car for $10,000. Now give me the keys to your Maserati!" Lorenzo has ten cars and he actually planned to sell his old Ford Escort, not his Maserati. Does Lindsay's acceptance legally obligate Lorenzo to sell his Maserati to Lindsay for $10,000?

a) No, Lorenzo's offer was not a valid offer because it was not communicated to Lindsey. b)Yes, Lorenzo's offer was a valid offer that was accepted by Lindsay before being withdrawn.

c)No, Lorenzo's offer was not a valid offer because it lacked definiteness regarding the subject matter of the contract.

d)No, Lorenzo's offer was not a valid offer because it was made without a serious intention to enter into an agreement.

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

Financial Dimensions Of Marketing Decisions

Authors: David W. Stewart

1st Edition

3030155641,303015565X

More Books

Students also viewed these Finance questions