Question: this is a business administration question please answer that accordingly Robin owned Cristal Palace, an apartment block in downtown Toronto, which he wished to sell.

this is a business administration question please answer that accordingly

Robin owned Cristal Palace, an apartment block in downtown Toronto, which he wished to sell. He knew that Maria, a real estate developer, was interested in in such properties. Therefore, on Thursday, he faxed this offer her: "I will sell Cristal Palace to you for $3 000 000. If you wish to accept this offer, please do so as soon as possible. I promise that I will not make a similar offer to anyone else while you are considering this proposal". Maria was very interested in the offer but received it just as she was about to leave for a meeting. When she returned on the following Monday, she immediately faxed a letter purporting to accept Robin's offer. He replied that since he had not heard from her earlier, he had sold Cristal Palace to another party on Saturday. Maria now claims that because Robin had done nothing to communicate the revocation of his offer, his offer was still open for acceptance when she sent her fax to him. Question: Is Maria correct? Has the offer lapsed or revoked? What arguments Robin and Maria might make if their dispute goes to court

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