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Question 8 2 pts Tamika, an expert in historic rocking chairs, sends a letter (US. Mail] offering to buy a mid-1800's rocker for $50,000 from
Question 8 2 pts Tamika, an expert in historic rocking chairs, sends a letter (US. Mail] offering to buy a mid-1800's rocker for $50,000 from an exclusive antique store in Soho, New York. The store refused the offer which was half of the store's $100,000 sales price; sending Tamika a letter of rejection (US. Mail]. Later the same day the antique store realized that the rocking chair was not as valuable as the owners originally thought and decided that Tamika's $50,000 offer was reasonable after all. The antique store immediately telephoned Tamika to accept her offer. Is there a contract? 0 No, because the rejection was effective upon dispatch. 0 Yes, since the acceptance was received before the rejection. 0 Yes, because the acceptance is always effective upon dispatch. O No, because the rejection terminated the offer
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