CH11-7 w/ answers - B16. Eagle Warehouse offers to sell a...

CH11-7 w/ answers
Download Document
Showing pages : 1 of 4
This preview has blurred sections. Sign up to view the full version! View Full Document
B16. Eagle Warehouse offers to sell a forklift to Forest Lumber Company, but it is stolen before Forest accepts. Eagle must obtain a. a forklift for Forest, if Eagle’s insurance covers the loss. b. a forklift for Forest, if it wants one. c. nothing for Forest, because that would extend the time of theoffer. d. nothing for Forest, because the theft terminated the offer. ANSWER: D PAGE: 241 TYPE: = NAT: AACSB Reflective AICPA Legal A17. Quik Fix-It, Inc., offers Pam a job as a plumber. No time for acceptance is specified in the offer. The offer will terminate a. after a reasonable period of time. b. after a typical work week (five business days). c. after a usual month (thirty calendar days). d. never. ANSWER: A PAGE: 243 TYPE: N NAT: AACSB Reflective AICPA Legal B17. First State Bank offers to lend money to Todd at 15 percent interest. Before Todd accepts, a statute is enacted prohibiting loans at interest rates greater than 12 percent. Todd and the bank have a. have a contract for a loan at 15 percent interest.
Background image of page 1
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Create a FREE account now to get started. Log In

The email address you entered is not valid. The email address you provided is already in use.
Your username must be at least 5 characters. Your username must consist of only alphanumeric characters. Your username must contain at least one letter. Your username contains inappropriate language. Another user has already claimed this username.
Your password must be at least 6 characters in length.
{[ $select.selected.label ]} Please select a valid school.
By creating an account you agree to our Privacy Policy, Terms of Use, and Honor Code.
Create my FREE account Processing...
Sign Up with Facebook

We will never post anything without your permission.

Already on Course Hero? Log In