Top Posters
Since Sunday
7
n
3
j
3
o
2
x
2
c
2
2
p
2
n
2
3
2
C
2
z
2
Home Q & A Board Humanities Legal Studies
New Topic  
Ptrip88 Ptrip88
wrote...
Go to Answer
Posts: 111
Rep: 0 0
2 years ago
Franz bought two front-row tickets to a sold-out concert. Unfortunately, a week before the concert, he found out he had to go on a business trip and would miss the concert. He offered his co-worker, Joe, the tickets for 80% of the full price, offer to remain open until 10:00 p.m. on December 15. Indicate to Joe which of the following is true with regard to the law of offer and acceptance.

▸ A letter of acceptance is always effective when it is dropped in the mailbox.

▸ If Franz sells to someone else, it is too late for Joe to accept the original offer.

▸ To create a contract, an offer must be in writing.

▸ If Joe makes a counter-offer of 50% of the full price, and Franz rejects the counter-offer, Joe can still accept the original offer.

▸ Franz could revoke the offer at any time before acceptance, even before 10:00 p.m. on December 15.
Textbook 
Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business


Edition: 4th
Author:
Read 123 times
1 Reply
Replies
Answer verified by a subject expert
wyq2651wyq2651
wrote...
#1
Posts: 73
Rep: 1 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Ptrip88 Author
wrote...

2 years ago
You make an excellent tutor!
bioc
wrote...

Yesterday
Brilliant ツ
loki1345
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  991 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 249
  
 517
  
 850
Your Opinion
What's your favorite math subject?
Votes: 293
Previous poll results: How often do you eat-out per week?