Question: Question 9 2 . 5 p t s An offeror offers to sell a parcel of land to an offeree for $ 1 0 ,
Question
An offeror offers to sell a parcel of land to an offeree for $ stating that the offer shall remain open for days. The offeree replies that she will keep the offeror's offer under advisement but says, We can wrap this up immediately if you'll take $ The offeror does not reply, but within the day period the offeree accepts the original offer. The offeror, however, replies that he now wants $ Was a contract formed when the offeree accepted the $ offer?
Yes, because the original offer must always legally remain in effect for the remainder of the specified days, even after a counteroffer has been communicated.
No because when a counteroffer was made the offeror was then free to change the offer to $ and the original offer became rescinded.
Yes, because the offeree was able the keep the original offer with the day window open by stating that he was keeping it under advisement.
No because once the offeree made a counteroffer she could not go back and later accept the original offer.
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