Contract Questions

M cst on february 18 fresno sent harris a letter

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Unformatted text preview: uld revoke the offer after receiving the letter. b. The parties formed a bilateral contract upon receipt. c. The parties formed a unilateral contract upon dispatch. d. The letter was effective as a notice of performance by the offeree. 347. On February 12, Harris sent Fresno a written offer to purchase Fresno’s land. The offer included the following provision: “Acceptance of this offer must be by registered or certified mail, received by Harris no later than February 18 by 5:00 p.m. CST.” On February 18, Fresno sent Harris a letter accepting the offer by private overnight delivery service. Harris received the letter on February 19. Which of the following statements is correct? a. A contract was formed on February 19. b. Fresno’s letter constituted a counteroffer. c. Fresno’s use of the overnight delivery service was an effective form of acceptance. d. A contract was formed on February 18 regardless of when Harris actually received Fresno’s letter. 348. On January 1, Lemon wrote Gina Mart...
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This test prep was uploaded on 03/29/2014 for the course BUL 3130 taught by Professor Schupp during the Fall '12 term at UNF.

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