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Miss Muffet offers $150 to anyone who can find and return her lost dog, Spider. Mr. Tuffet finds and returns Spider to Miss Muffet. Mr.
Miss Muffet offers $150 to anyone who can find and return her lost dog, Spider. Mr. Tuffet finds and returns Spider to Miss Muffet. Mr. Tuffet requests the $150. Miss Muffet refuses, claiming there was no binding contract. Which of the following is true regarding Miss Muffet's statement? Miss Muffet is correct because there is no binding unilateral contract. Miss Muffet is correct because there is no binding bilateral contract. Miss Muffet is incorrect. There is a binding bilateral contract. Miss Muffet is incorrect. There is a binding unilateral contract. D Question 20 2 pts On June 1 Mario sent out texts offering to sell his 2002 Ford F-150 for $10,000 and asking for text acceptances. On June 7, Andretti texted Mario accepting his offer. However, Andretti's text was not received by Mario until June 10 due to connection problems. The text from Andretti created an enforceable agreement between Mario and Andretti the moment it was sent. True False D Question 21 2 pts Will offers to sell his home to Smith for "about $100,000 plus closing costs." Smith accepts Will's offer, but a dispute arises concerning the precise dollar amount of the purchase price. How will a court resolve this dispute? The court will require Smith to pay the average price of homes in the area. The court will determine a reasonable price to be paid. The court will appoint a licensed real estate appraiser to determine the price to be paid. The court will declare the purchase price and terms too indefinite to create a binding contract
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