Unformatted text preview: Thus, for that price
Ed’s statement: “I suppose $400 would be a fair price” constituted an offer.
Mary’s reply: “I’ll take it, if you will have it refinished” was a conditional acceptance,
terminating Ed’s offer.
no contract resulted because Ed never stated he would actually sell the table for $400.
a contract was formed when Ed said: “Sold.”
d. The main ingredient which causes an option to be a binding offer is
the understanding. 418. The manager of the local J.C. Penney store sends you a signed personal notice that its chainsaws
will be on sale for 30% until January 15th. If you go in on January 12th and they refuse to give
you 30% off, you will win if you argue that
no consideration is needed for the promise.
there is consideration for the promise.
there is past consideration for the promise.
there is a bargained-for promise.
d. The manifestation of an unwillingness to accept an offer...
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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