please answer all 3!

Bob is looking to sell a parcel of undeveloped land that he owns and signs a listing agreement with Tammy, a real estate broker. The listing agreement names the parties, describes the listing broker's role, describes the percentage commission and when it will become due (upon sale of the property to a "ready, willing and able buyer" who was procured through the efforts of any party during the period of the listing agreement), but it fails to identify the property being sold. Assuming the same statute of frauds requirements regarding required writings pertain to listing agreements as to purchase/sale agreements and deeds, in most states this agreement would likely be: O enforceable because it names the parties and describes the commission. unenforceable because it does not describe the subject property with adequate specificity. enforceable because it is not related to the sale of goods. enforceable if Tammy produces a "ready, willing and able" buyer. Question 3 Under traditional rules of contract formation, an offer stays open for how long after a counteroffer? Until a reasonable time for the counteroffer to be considered has elapsed Three business days 24 hours No time at all - the counteroffer immediately terminates the offer Which of the following underlying assumptions (whether or not they are true in each case) might best explain the broad freedom of contract afforded parties to transactions in the world of commercial real estate? That some parties require extra protections under the law because of their vulnerability That the fast moving world of business does not give parties time to put everything in writing That deals must always be done as quickly as possible That the parties have relatively equal bargaining power and access to information