Asked by Logan Robinson on May 08, 2024
Verified
On May 1,Ida makes a written offer to Miranda for the sale of Ida's car.On May 2,Ida mails Miranda a letter revoking the offer.On May 3,Ida telephones Miranda to tell him that he is revoking the offer.On May 4,Miranda learns that Ida sold the car to Chris.On May 5,Ida's letter finally gets to Miranda.Ida's offer terminated on:
A) May 2.
B) May 3.
C) May 4.
D) May 5.
Revoking
The act of formally withdrawing, canceling, or revoking a statement, offer, or privilege.
Written Offer
A formal proposal presented in written form by one party to another, stipulating the terms under which the offeror is willing to engage in a contract.
Sold
The act of transferring ownership of an item or service from one party to another in exchange for money or other compensation.
- Describe the effect of actions such as revocation or selling to another party on the termination of an offer.
Verified Answer
Learning Objectives
- Describe the effect of actions such as revocation or selling to another party on the termination of an offer.
Related questions
Nadira Mails an Offer to Cade on March 15 ...
Austen Construction,a General Contractor,advertised for Bids from Subcontractors on the ...
When Is the Revocation of an Offer Effective ...
Destruction of the Subject Matter Has What Effect on the ...
Distinguish Between a Rejection of an Offer and a Revocation ...