Question: Sally offers Bob $ 5 . 0 0 for five apples. Bob replies stating he will accept $ 5 . 5 0 per apple. Is

Sally offers Bob $5.00 for five apples. Bob replies stating he will accept $5.50 per apple. Is there a contract?
a. No because Bob made a counter-offer
b. Yes because Bob accepted
c. No because there was no consideration
d. Yes because Bob made a counter-offer
Sally offers Bob $5.00 for five apples. Bob replies stating he

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:

Networking Anomalies: Policy Implementation Task Description: Assess adequate access controls based on principles of least privilege and need-to-know. Scenario An inexperienced user has configured...

Q:

Assignment Score: 0.00% Questions Save ma7s 17h.ch0.01 Submit Assignment 1 Question of 15 2 Check My Work 3 O 4. The president of Deal Corporation wrote to Byd, offering to sell the Deal factory for...

Q:

PINE TREES, INC. Memo To: Daniel Martinez, Manager of Risk Management Department From: Erica Marcus, Supervisor, Sales Department Date: February 20, 2006 Re: Burger Ranch...

Q:

In about 1000 words, review Anthony's Orchard case study in the unit resources. Consider the following: The company, according to Anthony's Orchard Strategic Plan, is hoping to purchase an apple...

Q:

In about 1000 words, review Anthony?s Orchard case study in the unit resources. Consider the following: The company, according to Anthony?s Orchard Strategic Plan, is hoping to purchase an apple...

Q:

In about 1000 words, review Anthony?s Orchard case study in the unit resources. Consider the following: The company, according to Anthony?s Orchard Strategic Plan, is hoping to purchase an apple...

Q:

I need help with how to do a DCF analysis for this Spotify case. Please can you show the explanation of the steps Thank you A. Using the information provided, what should SPs shares be trading at on...

Q:

4. Using the financial ratios provided by eVal, evaluate any trends in Royal Caribbean?s return on equity, compare it with Carnival Cruise?s return on equity, and discuss the main causes of any...

Q:

1. Felix draws a check payable to "DeliMart" to buy groceries. Felix's check is most likely a. a certificate of deposit. b. an order to pay. c. a promise to pay. d. a promissory note. 2. Felix draws...

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:

Companies can intentionally commoditize their products or services as a strategy to make money. Discuss using these two different cases below how companies can intentionally commoditize their...

Q:

Explain the shadow prices for the GAC transportation model in Figure 13.12 in simple managerial terms.

Q:

Claim: 51; = 0.01. Sample statistics: = 52, s = 2.5, n = 40 Test the claim about the population mean at the level of significance . Assume the population is normally distributed. If convenient,...

Q:

Using the data from Table 1 2 . 3 , LOADING... , what is the volatility of an equally weighted portfolio of MicrosoftMicrosoft and General MillsGeneral Mills stock ? Question content area bottom Part...

Q:

ACCG 7 0 0 1 1 - Finance and Managerial Accounting Assignment # 2 Sell or Process Further The executives at Swore and Bore recently decided to expand their product line to include headsets....