1. Maggie signs a written offer to Jeannie to buy her house for $200,000. Jeannie replies, "Great offer....I will let you know." Many months go by with no firm acceptance.The court can rule the offer is no longer acceptable because too much time has passed.

True

False

Bobby offered to sell Juan his baseball collection for $200. Juan said he'd think about it. He called him an hour later and said, "I accept your offer and will bring you the $200 now." Bobby replied, "Sorry I changed my mind."Bobby can't revoke the offer.

True

False

Bobby offers to sell Juan his baseballcollection for $200. Juan says he will think about it. Bobby calls him ten minutes later and says to Juan, "I changed my mind. I am not selling my baseball cards." Juan gets mad and says, "You can't do that. I was just calling you to say I wanted them." Bobby can successfully revoke.

True

False

Suzy-Q offers to sell her chocolate birthday cake to Chow Hound Charlie for $20, so long as he accepts before 6 PM. At 5 PM, he still hasn't accepted so she calls him and revokes, and then devours the cake. She has nothing to worry about since she revoked before acceptance.

True

False

Maggie said to Jeannie,"I will sell you my house at 99Fox Lane in Charlevoix, MIfor $200,000" and then put it in writing and signs it.This is a legal offer that is revocable for a reasonable time.

True

False