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Question $7$

$5$ pts

What does $($a$)$ represent in the context of contract formation?

$($a$)$ Person A says to Person B that Person A will buy Person B$\text{'}$s car for $$10,000.$

$($b$)$ Person B says that he will only sell the car for $$12,000.$

counteroffer

offer

revocation

acceptance

Question $8$

$5$ pts