Question

Idina admires Jules’s collection of guitars. Jules says, "I plan to sell the collection when I get tired of it." Jules’s statement:_________. 1. is​ ​an offer. ​2. not an offer because it has not been communicated to Idina. 3. an acceptance. ​4. not an offer because Jules expressed only an intent to enter into a future contract.

Answer 1

Answer: C- not an offer because Jules expressed only an intent to enter a future contract.

Explanation: An offer is an act of making one’s thoughts or feelings known of the readiness to enter into a formal or lawfully binding agreement with specific conditions under which an action may be undertaken or agreement reached. This is made with the expectation that it shall become binding immediately the individual who was it was expressed to or offered accepts the contract.

In this case, Jules only made an offer by expressing how she would sell the collection of her guitars the moment she gets tired of it. Jules showed a willingness to make a contractual undertaking. However, an offer can be withdrawn if it has not been accepted under some conditions.