Collector Carl displays his beer can collection at the local swap meet. Mary sees the collection and is interested in buying it. Carl says he will sell the collection for $1,500. Mary says she really likes the collection but is only willing to pay $1,000. Which of the following is correct?
A) Mary's counteroffer terminates Carl's offer of $1,500.
B) If Carl rejects Mary's counteroffer, she can still accept Carl's offer of $1,500.
C) Neither offer is valid. Who would ever pay $1,000 or $1,500 for a beer can collection?
D) Mary's offer is an option contract and she cannot revoke the offer.
A
You might also like to view...
Today's workers are referred to as ________ and they use BI along with personal experience to make decisions based on both information and intuition, a valuable resource for any company.
A. Knowledge resources B. Knowledge thinkers C. Knowledge players D. Knowledge workers
Compared with formal reports, informal reports tend to be written in a more personal tone
Indicate whether the statement is true or false
Use the information in Figure K.1. What is the rectilinear distance between offices B and D?
A) greater than 65 feet B) greater than 45 but less than or equal to 65 feet C) greater than 25 but less than or equal to 45 feet D) less than or equal to 25 feet
Risk can be defined as uncertainty concerning the actual return that an investment will generate
Indicate whether the statement is true or false.