Unformatted text preview: the 30 days Schmidt dies. According to revocation the offeree can accept the offer still as the estate can transfer the title. Barry can hold Schmidt’s estate to a contract for the equipment offer. D) Barry pays Schmidt $100 for a 30-day option to purchase equipment and during the time period Barry accepts within the time period. Schmidt dies not long after the acceptance. The deal is irrevocable since the contract was accepted within the period before Schmidt’s death. Barry gets the sale of the equipment....
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- Spring '10
- Business Law, Schmidt, time period. Schmidt, Schmidt’s death., offeree. Schmidt, acceptance Schmidt