Newt, a gun dealer, offers to sell a rare civil war musket to Rush, another dealer, for "$15,000, insurance and shipping paid by buyer." Rush responds, "I accept. Insurance and shipping costs divided equally between seller and buyer." The parties
A. do not have a contract since the acceptance violated the mirror image rule.
B. do not have a contract since Rush's response was a counteroffer.
C. have a contract, and in the majority of states, the terms of the offeree control.
D. have a contract, and in the majority of states, the different terms will cancel each other out.
Answer: D
You might also like to view...
The management process and management accounting are identical
Indicate whether the statement is true or false
The present value of $30,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar)
A) $23,916 B) $37,632 C) $23,700 D) $30,000
The likelihood of ethical lapses as well as poor long-term company performance tends to increase when there are
A. executive commitment to implementing strategic suggestions from the board of directors B. increases in research and development expenditures in years when low earnings are reported by the company C. attracting investors who think the company's industry will grow D. dramatic cuts in research and development expenditures in years when low earnings are reported by the company E. hiring and maintaining a skilled and diverse workforce
How should you end your Q&A session?
a. Abruptly b. Slowly c. By thanking the audience d. By pointing out what the audience could have asked