Question: Answer multiple choice questions (16-25), based on the following scenario: On March 4th, 2022, Raylene posted an advertisement on an online classifieds site. The ad

Answer multiple choice questions (16-25), based
Answer multiple choice questions (16-25), based
Answer multiple choice questions (16-25), based
Answer multiple choice questions (16-25), based
Answer multiple choice questions (16-25), based
Answer multiple choice questions (16-25), based
Answer multiple choice questions (16-25), based
Answer multiple choice questions (16-25), based
Answer multiple choice questions (16-25), based on the following scenario: On March 4th, 2022, Raylene posted an advertisement on an online classifieds site. The ad stated the following: "This is an offer to sell my bakery, including all inventory, for, $150,000". Raylene provided a contact phone number and email with the ad. Later that day, using the same online classified ad site, Carson posted the following:"I would like to purchase a local bakery for $150,000, including all inventory." The next day Carson sent Raylene a text, offering to purchase her coffee shop for around $142,000, including all inventory. Raylene sent a text back, that she would accept an offer of $145,000, excluding inventory. The next day, Carson texted Raylene and agreed on the $145,000, as long as it included all the inventory. Raylene responded by sending a text, agreeing to sell the the shop for $147,000, including all inventory. Thirty minutes later, Raylene thought she had made a mistake valuing her inventory. She subsequently sent Carson an email, stating that she changed her mind and would agree to sell the bakery for $149,000 including all inventory. Carson, never checked his email and the next morning, went to the post office and mailed Raylene a letter, accepting her offer to sell for $147,000, including all inventory. Raylene's online ad is a: a. invitation to treat b.revocation C. unconditional offer d.conditional offer e. none of the above Carson's online ad is: a. a counter offer b. an offer c. an acceptance d. a conditional offer e. none of the above Which of the following is a conditonal offer? a. Ralene's ad to sell her bakery b. Carson's hard copy letter to Raylene c. Carson's text, offering to purchase Raylene's coffee shop for around $142,000, including all inventory d.b&c e. none of the above Carson's posting on the online ad site, was a: a. an offer b. an offer to offer c. an invitation to treat d.b&c e. all of the above Which of the following is true? a. Raylene and Carson have a frustrated contract a b. Raylene and Carson have a defective contract c. Raylene had capacity of contract d. a & b e. none of the above Who could claim mistake of contract? a. Raylene b. Carson c. a &b d. the online classfied ad site e. none of the above Which of the following is true? a. Raylene owns the bakery b. Carson owns the bakery c. Raylene revoked her offer after 30minutes d. a &c e. none of the above Which of the following is contract consideration? a. the inventory b. the bakery c. the paid promise d. all of the above e. none of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!