Steve Thompson has made an offer to purchase a home on a short sale from First Third Bank for ...

Steve Thompson has made an offer to purchase a home on a short sale from First Third Bank for 120,000. The bank has responded by e-mail indicating that it will consider the offer. At the end of the e-mail is this language: E-mails and the language in e-mails are not considered offers or acceptances for purposes of formation of a contract. First Third Bank is not bound by any e-mail communications regarding the purchase or sale of property. All offers and acceptances must be handled through the bank's sales office. Later Steve e-mails the bank back and reiterates his offer. A bank employees e-mails back, We have your offer and are processing the paperwork now. It is accepted. Which of the following is correct?
A)Steve has a contract for the purchase of the home at the time the bank employee sent the e-mail.
B)Steve does not have a contract for the purchase of the home.
C)Steve has a contract for the purchase of the home at the time he receives the e-mail from the bank employee.
D)Steve has a contract when the sales office calls him to tell him the bank is accepting.

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.

Steve Thompson has made an offer to purchase a home on a short sale from First Third Bank for ...

Related Topics