Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marco and Grant are co-workers at a pizza parlor. Marco offered Grant 4150 for his printer and told Grant that he had until noon the

Marco and Grant are co-workers at a pizza parlor. Marco offered Grant 4150 for his printer and told Grant that he had until noon the following day to accept. At 9:00 am the next morning Marco called Grant and withdrew his offer. Nevertheless, at 11:00 am, Grant called Marco back and accepted his offer, noting that Marco had given him until noon that day to accept. Is Grant's acceptance legally binding?

Group of answer choices

Yes, under the U.C.C. a merchang must hold a firm offer open for the time stated.

No, Marco revoked his offer before Grant accepted and they are not merchants.

No, there is valid consideration for holding the offer open.

Yes, it was wrong of Marco to withdraw his offer after giving Grant until noon the next day to accept.

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

Personal Finance

Authors: Jeff Madura

3rd Edition

0321357973, 978-0321357977

More Books

Students also viewed these Finance questions