Details of this Paper

A orally offers to sell B 100 premium-grade fountain pens but neglects

Description

solution


Question

A orally offers to sell B 100 premium-grade fountain pens but neglects to state the price. Such pens typically sell for $1 each. B orally accepts. Immediately thereafter, A tries to back out of the deal. At this point in time, which of the following is most likely to be true?;1) There is no offer and no contract because the offer is indefinite.;2) There is no offer and no contract because the offer must be in writing.;3) There is a contract, if the parties intended to make a contract and there is a reasonably certain basis for giving an appropriate remedy.;4) There is a contract, because the offer contained all material terms.;Select the correct answer from the choices above.;Business Law

 

Paper#34755 | Written in 18-Jul-2015

Price : $32
SiteLock