Wally owns 200 acres of land. Wally offers to sell the land to Robert for $1,500 per acre. Robert replies that he does not need 200 acres of land but would like to buy 40 acres at $1,500 per acre. Wally agrees to sell but does not identify which 40 acres. Later, Wally refuses to sell any land to Robert. What is the result?
a. Robert wins; this is an enforceable contract with complete and definite terms.
b. Robert wins; the UCC will decide which 40 acres are to be sold.
c. Wally wins; the original offer was not intended to be an offer but merely an invitation to negotiate.
d. Wally wins; this agreement is too indefinite since it does not identify which 40 acres are to be sold.
d
You might also like to view...
When you proofread the text part of a report, you should essentially look for the same types of mistakes as you would look for in any business message
Indicate whether the statement is true or false.
The closing stock price of MNM Corporation for the last 7 trading days is shown below. Day Stock Price 1 24 2 27 3 24 4 28 5 25 6 30 7 31 ? The mode is
A. 24. B. 25. C. 26. D. 27.
________ is a variance method in which the squared euclidean distance to the cluster means is minimized
A) Optimizing partitioning method B) Sequential threshold method C) Parallel threshold method D) Ward's procedure
________ are a type of SBU that often require heavy investments to finance their rapid growth
A) Cash cows B) Question marks C) Stars D) Dogs E) Bears