Bill has bought a new computer and wants to sell his old one. He sends Mindy the
Question:
Bill has bought a new computer and wants to sell his old one. He sends Mindy the following signed offer: "I, Bill, will sell Mindy my Apple computer for $400." Mindy responds with an acceptance memo that agrees to buy the computer for $400, but which also includes the following term: "Bill agrees to accept $100 down on the computer, with the balance to be paid in 5 days." Which of the following are true:
A. The common law would be applicable to this contract.
B. The additional term invalidates the acceptance.
C. The contract is void under the mailbox rule.
D. Bill could have revoked his offer at any time before it was accepted
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta