Question: QUESTION 9 On May 1 5 , Lex sends a Fedex to Clark offering to sell him a box of rare meteorites for $ 5

QUESTION 9
On May 15, Lex sends a Fedex to Clark offering to sell him a box of rare meteorites for $5,000 so long as Clark accepts "within 5 days vi Fedex delivery." Clark receives the letter on May 16 and sends an acceptance via Fedex delivery on May 17.
Clark has created a valid contract on May 18 when Fedex delivers the acceptance.
Clark has created a voidable contract.
Clark has created a valid contract on May 17.
Clark has not validly accepted Lex's offer.
QUESTION 9 On May 15, Lex sends a Fedex to Clark

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 General Management Questions!

Q:

QUESTION 1 2 On May 1 5 , Lex sends a Fedex to Clark offering to sell him a box of rare meteorites for $ 5 , 0 0 0 so long as Clark accepts "within 5 days vie Fedex delivery." Clark receives the...

Q:

On May 1 5 , Lex sends a Fedex to Clark offering to sell him a box of rare meteorites for $ 5 , 0 0 0 so long as Clark accepts within 5 days via Fedex delivery. Clark receives the letter on May 1 6...

Q:

Please help me answer this question using the IRAC method, i have also included Chapter 7 of the textbook under the case study below to help you answer. Mini case study 2 Tammy has a large collection...

Q:

4-16 Multiple choice answer only 4. Chin, a collector of rare paintings, offered to sell a particular painting by Picasso (catalog number 1401) to Kovacs for $14,000.00. When it came time to exchange...

Q:

Questions Chap 1 1. Consider the following cases and decide whether criminal or civil proceedings would result, and make a note of the parties in the action. a) Ali is being prosecuted for careless...

Q:

41. Jack offers to sell his house to Bill. He prepares a written offer but mistakenly transposes some numbers and offers to sell for $189,000 instead of $198,000 intended. He sends the offer to Bill...

Q:

1 (0.5 points) Question 1 Saved Honor Code Statement. By selecting \"True\" I am stating that I will receive no assistance from any outside source, including notes, texts or other persons, while...

Q:

4) Parktown Realty Inc developed an upscale condominium complex. On October 1, Miranda Wine signed an offer to purchase one of the units. Part of that document said, "This offer is irrevocable by the...

Q:

Do you agree with the changes Johnson is making to the pricing scheme that are set to take effect August 1st? Are they enough to turn things around? ELIE OFEK JILL AVERY For the exclusive use of T....

Q:

summary for this article :key theme, major findings, and key implications Harvard Business Review www.hbr.org A classic boxing match offers useful lessons for seizing How to Thrive in opportunities...

Q:

Project 17: Shipping Costs One of the main products of the Fairway Woods Company is custom-made golf clubs. The clubs are manufactured at three plants (Denver, Colorado; Phoenix, Arizona; and Dallas,...

Q:

Read the case study titled Choice Hotels International Write a fully developed paper in which you: 1. Assess the two distinct networking functions. 2. Analyze the issues Choice is likely to...

Q:

What is the term for corporation net income that is held for use in the future? Question 3 options: a ) Retained earnings b ) Paid - in capital c ) Stockholders' equity d ) Shares outstanding

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...