Jerry knows that Lucy has coveted his classic car for quite some time. Finally willing to sell it, he sends a letter to Lucy offering to sell the car for $15,000. Lucy responds by saying she needs time to arrange financing. Lucy offers Jerry $100 to keep the offer open for two weeks. Jerry agrees, taking the $100. Three days later, Roberta contacts Jerry saying she is interested in buying the car and has the cash to buy it outright. Jerry is concerned that if he doesn't sell the car to Roberta now, she may not be interested later. Furthermore, Lucy may never be able to arrange financing. Jerry is afraid he may end up with no buyer at all. He comes to you for advice. What do you advise?
What will be an ideal response?
Jerry made an option contract with Lucy. This means that Lucy "bought" the right to have the offer held open. Jerry's offer may not be revoked during the two-week option period.
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“Facecrime” is often associated with what popular novel?
A. The Great Gatsby B. To Kill a Mockingbird C. Nineteen Eighty-Four D. Johnny Tremain
Rebekka walks into class and sits in the front row. When the teacher asks a question, she raises her hand and waits to be called upon. Rebekka is following the ______ rules that govern the classroom.
a. regulative b. constitutive c. social d. interaction
Keller Company is evaluating its two divisions, North Division and South Division. Data for the North Division include sales of $250,000, variable costs of $125,000, and fixed costs of $200,000, 50 percent of which are traceable to the division. Data for the South Division include sales of $300,000, variable costs of $175,000, and fixed costs of $225,000, 60 percent of which are traceable to the
division. Common fixed costs for the company are A) $150,000. B) $190,000. C) $235,000. D) $425,000.
Procedural, behavioral, and substantive considerations are all important to determining union _____________________.
Fill in the blank(s) with the appropriate word(s).