Question: You're speaking with a classmate before class. She says I want to sell my laptop, I need money for rent. You say, I'll give you
You're speaking with a classmate before class. She says "I want to sell my laptop, I need money for rent". You say, "I'll give you $300 for your laptop". Your classmate says "I really need $325". Just then, the professor enters and nothing more is said. When class ends, your classmate leans over to you and says "I accept your offer of $300".
Was a contract formed?
A.) Yes. There was your offer, and the classmate's acceptance. $300 for a laptop is the consideration.
B.) Yes. By failing to say anything after the classmates said "I really need $325" your offer remained open.
C.) No. Offers have to be accepted immediately. Because there was a delay between the offer and acceptance, the offer was voided.
D.) No. The classmates statement about needing $325 acted as a counter-offer, which killed the offer.
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