Question
On October 1, Buffy sends a letter to Michelle in which she offers to impersonate Michelle and take the LSAT (law school admissions test) for
On October 1, Buffy sends a letter to Michelle in which she offers to impersonate Michelle and take the LSAT (law school admissions test) for her in exchange for $500.
On October 3, Michelle sends a letter to Buffy accepting the offer.
On October 4, Buffy sends a letter to Michelle in which she revokes the offer.
On October 10, Michelle receives Buffy's revocation letter.
Which of the following is true?
| The contract was valid because there was an offer, acceptance, consideration, capacity, and legality. | ||
| The contract is valid because the offer was accepted before it was revoked. | ||
| The contract is not valid because the element of legality wasn't satisfied. | ||
| The contract is not valid because Buffy revoked the offer |
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
