During the first week of March, the following events happened;? March 1, Fred sent a letter to Barney offering to sell his car for $5,000.;? March 2, Fred sent Barney a revocation of his offer.;? March 3, Barney received the offer.;? March 4, Barney faxed Fred a rejection of the offer.;? March 5, Barney changed his mind and called Fred to accept the offer.;? March 6, Barney received the revocation.;Is there a contract between Fred and Barney?;Yes, the offer was accepted before Barney had notice of the revocation.;No, the offer was revoked on March 2.;No, the offer was rejected on March 4.;No, a telephone call is not a proper medium of acceptance since the offer was in the form of a letter.
Paper#32635 | Written in 18-Jul-2015Price : $25