BUS 311 wk 2 quiz.docx - Question 1 1 1 pts Peter offers to...

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Question 1 1 / 1 pts Peter offers to sell Maxine his car for $5,000, stating, “I need to know by Friday, and you should email me your answer.” Maxine calls Peter on Thursday and leaves a voicemail telling him she wants the car. Peter listens to the voicemail on Thursday night. Which statement best describes the situation? o There is a contract since Peter got the message in time. o There is a contract regardless of when Peter gets the message. o Maxine has rejected Peter’s offer by using voicemail. o Maxine had made a counteroffer; which Peter can now choose to reject or accept.
@Feedback: The answer can be found in Section 4.3 Acceptance: Communicating the acceptance of the text. Question 2 1 / 1 pts Petra contracted to paint Bret’s house for $2,000. After beginning the job, Petra realizes that the house is really quite big, and she’s not going to make enough profit, so she tells Bret she wants another $500 to finish the job. Bret doesn’t want to pay more, but he’s afraid that if she walks off the job, he’ll have trouble finding someone else to finish it, so he agrees. Is Bret legally obligated to pay the extra $500?
@Feedback: The answer can be found in Section 4.4 Consideration of the text.

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