Peter plans to sell his two houses, numbered Lot 1 and Lot 2, at $800,000 each. David, who was interested in buying Lot 2, could not make up his mind on the final offer and asks Peter to give him a week to decide
Peter accepts, but David takes two weeks to decide the counteroffer. Before he could give David a reply to his counteroffer, Peter is killed in a fire that burned down Lot 1. Which of the following would be true in this case?
A) The offer is terminated due to lapse of time.
B) The offer is terminated due to destruction of the subject matter.
C) The offer is terminated due to death of the offeror.
D) David can still buy the house for Peter's original offer.
C
You might also like to view...
During the rapid-growth phase of market development, customer needs become more salient and numerous, and segments begin to form
Indicate whether the statement is true or false
Which of the following is not an element of the internal control environment?
a. management philosophy and operating style b. organizational structure of the firm c. well-designed documents and records d. the functioning of the board of directors and the audit committee
According to the text, which of the following can affect a hiring manager’s perception of the employability of a job candidate?
A. demographic details B. commuting distance C. age D. ambition, work ethic, drive
A bond denominated in euros and issued in a country that uses the euro as its currency is an example of a Eurobond
Indicate whether the statement is true or false