Question: determining a valid offer. Mark and Lindsay have a verbal conversation. In that conversation, Mark tells room couch and loveseat for $125 cash. Lindsay has

determining a valid offer. Mark and Lindsay have a verbal conversation. In that conversation, Mark tells room couch and loveseat for $125 cash. Lindsay has seen the furniture often fabric has no holes, stains, or large imperfections. Mark also indicated that he to believe Mark was joking about the sale of the furniture. Lindsay agrees to a Walk through the three steps of a valid offer under common law for the case at a valid offer exists? Why or why not? What is the second element of an offer? Multiple Choice Material terms Definite and certain terms Reasonable person standard determining a valid offer. Mark and Lindsay have a verbal conversation. In that conversation, Mark tel room couch and loveseat for $125 cash. Lindsay has seen the furniture ofter fabric has no holes, stains, or large imperfections. Mark also indicated that he to believe Mark was joking about the sale of the furniture. Lindsay agrees to Walk through the three steps of a valid offer under common law for the case a a valid offer exists? Why or why not? What is the third element of an offer? Multiple Choice Materlal terms Communication Acceptance

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 Accounting Questions!

Of the education sections included in the resumes, which of the following is the most effective? a. Morehouse College, Atlanta, GA, 2001-2004. Received BA degree with a major in Business...

Read the simulated case below regarding an offer for a contract. Then answer determining a valid offer. Mark and Lindsay have a verbal conversation. In that conversation, Mark tells Lin room couch...

Check my we CONCEPT REVIEW: The first element of a contract is the agreement, which is made up of an offer and an acceptance. Formation of the agreement begins when the party initiating the contract,...

Concept Review: The first element of a contract is the agreement, which is made up of an offer and an acceptance. Formation of the agreement begins when the party initiating the contract, called the...

Mark and Lindsay have a verbal conversation. In that conversation, Mark tells Lindsay that he will sell her his used living room couch and loveseat for $ 1 2 5 cash. Lindsay has seen the furniture...

Introduction: Read the overview below and complete the activities that follow. In this activity, you'll be reviewing a hypothetical situation concerning a contract. You'll use what you've learned in...

Elements of the Offer Introduction: Read the overview below and complete the activities that follow. In this activity, you'll be reviewing a hypothetical situation concerning a contract. You'll use...

Elements of the Offer In this activity, you'll be reviewing a hypothetical situation concerning a contract. You'll use what you've learned in Chapter 13 to determine if the case suggests that a valid...

The cantilever beam is a 15-ft long W8 x 24 steel section (E = 20 106 psi, I = 82.8 in.4). Calculate the maximum displacement of the beam. y 240 lb/ft 6 ft 9 ft FIG. P6.44 390 lb/ft X

Critical Thinking Article & Reflection Read this article or another of your choice (be sure to include a link in reflection) about how to improve Critical Thinking. Write a 1 page reflection on...

What ACT of 1 9 4 5 gave the states the authority to regulate the "business of insurance"? McCarran - Ferguson ACT Federal Emergency Management ACT National Association of Insurance Commissioners (...

6. How did American Waters data warehouse improve operations and management decision making? American Water, founded in 1886, is the largest public water utility in the United States. Headquartered...

4. How did implementing a data warehouse help American Water move toward a more centralized organization? American Water, founded in 1886, is the largest public water utility in the United States....

6-8 Iko Instruments Group, a global supplier of measurement, analytical, and monitoring instruments and services based in the Netherlands, had a new data warehouse designed to analyze customer...