Question
WOOTEN HARDWARE, INC. OWNS AN EXTRA LOT ADJACENT TO THE MAIN STORE AND THE PRESIDENT, MR. GREEN, HAS DECIDED TO SELL IT.IN RELATION TO THIS
WOOTEN HARDWARE, INC. OWNS AN EXTRA LOT ADJACENT TO THE
MAIN STORE AND THE PRESIDENT, MR. GREEN, HAS DECIDED TO
SELL IT.IN RELATION TO THIS HE WROTE THE FOLLOWING LETTER
TO SEVERAL INTERESTED PARTIES.
GENTLEMEN:WE ARE SENDING THIS NOTICE TO SEVERAL
PROSPECTIVE BUYERS BECAUSE WE ARE INTERESTED IN SELLING THE
ONE ACRE LOT ADJACENT TO OUR MAIN STORE DOWNTOWN.IF YOU
ARE INTERESTED, PLEASE CONTACT ME.TO BE SINCERELY
INTERESTED, YOU SHOULD BE THINKING IN TERMS OF AT LEAST
$100,000.
BOB GREEN, PRESIDENT
IN REGARD TO THE LETTER, WHICH OF THE FOLLOWING IS CORRECT?
(A)MR. GREEN MUST SELL THE PROPERTY TO THE HIGHEST BIDDER IF THE OFFER IS OVER $100,000
(B)MR. GREEN'S LETTER DID NOT CONSTITUTE AN OFFER
(C)THE OFFER CANNOT BE LEGALLY WITHDRAWN FOR A STATED PERIOD OF TIME
(D)IF BATES, ONE OF THE PROSPECTIVE BUYERS, WIRES ACCEPTANCE OF THE $100,000, THERE WILL BE A BINDING CONTRACT
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