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Unformatted text preview: uld revoke the offer after receiving the letter.
The parties formed a bilateral contract upon receipt.
The parties formed a unilateral contract upon dispatch.
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 contract was formed on February 19.
Fresno’s letter constituted a counteroffer.
Fresno’s use of the overnight delivery service was an effective form of acceptance.
A contract was formed on February 18 regardless of when Harris actually received Fresno’s
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.
- Fall '12
- The Lottery