Question
Sam places an advertisement in the local newspaper (yes we still have those!) for his Dodge Viper which states: Man I hate to sell this
Sam places an advertisement in the local newspaper (yes we still have those!) for his Dodge Viper which states: "Man I hate to sell this beauty but my wife says I'm not getting any younger so my 2000 Black Dodge Viper is for sale. First $45,000 in hand given to me takes it." Additionally, Sam's address and phone number are there in the add. Becky sees the add then goes to look at it. She starts it up and says to Sam I'll give you $42,000 for it. Sam says "that's not the deal." Becky says nothing, and leaves. Next week, Becky sees that the ad is still in the paper, so she takes $45,000 in cash over to Sam's house and hands it to him. He hasn't sold the car but says to Becky, "You rejected my offer of $45,000 so I don't have to sell you the car. You can have it now, but for $47,000. Discuss this scenario - what if any type of K is there, discussing the elements of a K and ways to identify this K or potential K. In the ends who wins and why?
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