Question: Smith and Jones established a binding contract when Jones telephoned Smith and accepted Smith's offer to buy his canoe for $200. True False

Smith and Jones established a binding contract when Jones telephoned Smith and accepted Smith's offer to buy his canoe for $200. True False

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 Law Questions!

Q:

Computerized Accounting with Sage 50 Level 2 The Dog House INTRODUCTION This project will test your understanding of the Sage 50 Accounting application and your ability to apply the features of this...

Q:

Rahul met Jones at a street corner and made a verbal offer to buy his canoe for $ 2 0 0 . Jones replied that he would "think about it . " Rahul nodded affirmatively. The two then went about their...

Q:

1.Which of the following is an ingredient necessary to form a contract? a. Exemption clauses b. Assignment c. Capacity d. Privity 2. Which of the following is an example of a unilateral contract? a....

Q:

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

Question 1(12 points) Saved On February 1, Lumber Store Owner offered to sell 2,500 board feet of 8 x 10 lumber to Hardware Store Owner for $5,000. Lumber Store Owner gave Hardware Store Owner a...

Q:

can someone answer these asap? Contract Law Final Exam Vanessa Fayad Start: 2:02PM Question 1 (12 points) Saved On February 1, Lumber Store Owner offered to sell 2,500 board feet of 8 x 10 lumber to...

Q:

can someone answer these asap? Contract Law Final Exam Vanessa Fayad Start: 2:02PM Question 1 (12 points) Saved On February 1, Lumber Store Owner offered to sell 2,500 board feet of 8 x 10 lumber to...

Q:

A. When a judge is trying to decide if a contract has been formed, the judge will look for a mutual agreement between the parties, a clear or implied intention to create legally enforceable...

Q:

QUESTION 1 Harmony, a 16 year old girl who just got her driver's license, was driving her car 95 miles per hour down a city street. The speed limit for the street was 45. Honey was riding in the car...

Q:

CONTRACTS, SALES AND LEASES 1.Contract law primarily developed in: a.Courts through the common law b.Statutes c.Regulations d.The Constitution 2.Edward stood up in front of a classroom, right after...

Q:

23. Victoria entered into a written agreement with Samuel for the purchase and sale of a house. The agreement stated: "This contract is contingent upon buyer being able to obtain a mortgage loan in...

Q:

The outstanding bonds of Tech Express are priced at $989 and mature in 8 years. These bonds have a 6 percent coupon and pay interest annually. The firm's tax rate is 39 percent. What is the firm's...

Q:

Draw ROC and PR curve based on the table. index class 1 T 2 T 3 N 4 T 5 T 6 7 8 9 10 score index class score 0.95 N 0.45 0.85 0.40 0.80 0.38 0.67 0.35 0.65 0.33 0.60 0.30 N 0.58 0.28 0.54 0.27 0.52...

Q:

a research question using the title "Cost Equity in Transportation: Analyzing the Impact of Vehicle Ownership on Economic Opportunities Across Socioeconomic Classes

Q:

A student identified an organic unknown based on the IR spectrum as an aliphatic carboxylic acid. Explain what signal on a mass spectrum will also confirm that the unknown organic compound is a...