1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aliina [53]
3 years ago
12

Explain why the offer in the following facts has EITHER been revoked or has been accepted (It is only one or the other): Bonnie

offered to sell her laptop computer to Dale. The offer contained all of the necessary terms. The offer stated that it would remain open for 14 days and that Dale should send an acceptance by regular mail. On the 5th day, Bonnie decided that she did not want to enter into the contract and sent a letter stating that the offer was terminated. Dale received and read the letter on the 8th day. However, Dale had sent an acceptance by regular mail on the 7th day.
Business
1 answer:
Lera25 [3.4K]3 years ago
3 0

Answer:

The offer was accepted and a binding contract has been formed.

Explanation:

The offeror (Bonnie) can revoke her offer anytime before the offeree has accepted the offer. In order for the revocation to take place, the offeree must have been notified about it.

The problem here is that before the offeree (Dale) was notified that the offer had been revoked, he had already accepted the offer. So a contract has already been formed.

In common law, the posting rule establishes that an offer is accepted as soon as it has been mailed to the offeror. So in this case, Dale accepted the offer on the 7th day, and was notified about the revocation on the 8th day. So the acceptance is prior to the revocation, therefore, the revocation is not valid. The posting rule only applies to the acceptance of the offer, not to the revocation of the offer.

You might be interested in
While reading difficult content, you should always start with
Ivanshal [37]
I would go with a because you need to preview/ survey the content.
5 0
2 years ago
Read 2 more answers
The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy
Ray Of Light [21]

Answer:

Consumer Sovereignty

Explanation:

Consumer sovereignty in production refers to the controlling power of consumers and that the production of goods and services is determined by the consumers' demand.

In the given scenario, The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy, and hence this statement best describes the concept of Consumer Sovereignty

8 0
3 years ago
Muriel buys a $2,000 savings bond with a 4% coupon and 20 years to maturity. How much interest will she earn over the life of th
irina1246 [14]
To solve: use the simple interest calculation.

interest earned over the life of the bond = (bond price)(coupon rate)(years)
= (2,000)(0.04)(20)
= $1,600

So after 20 years on a 4% coupon bond starting at $2,000 Muriel will earn $1,600 in interest. 
3 0
3 years ago
Dave Seminsky’s ability to open Sumarian Coffee in Shanghai can be attributed to which of the following?A. ethnocentrismB. avail
svetlana [45]

Answer:

E. globalization

Explanation:

-Ethnocentrism refers to judging another culture based on your own culture and considering yours as superior.

-Availability of supplies refers to having access to the products needed for the business.

-Avoidance of tariffs and import quotas refers to not having limitations like  paying taxes on imports or exports or having a maximum quantity of a product that can be imported or exported.

-Lower labor costs refers to low salaries.

-Globalization refers to a process of integration that involves people, governments and companies around the world. When talking about business is about developing an international presence and beginning to operate in other countries.

According to this, Dave Seminsky’s ability to open Sumarian Coffee in Shanghai can be attributed to globalization.

8 0
3 years ago
What type of discount would Lennox offer its air conditioner dealers if they placed their orders and received delivery before Ap
gladu [14]
Seasonal allowance would be given
7 0
2 years ago
Read 2 more answers
Other questions:
  • Mayer’s philosopohy of never using debt to finance operations or expansion was born during the Great Depression and passed on to
    8·1 answer
  • In general, securities with ____ credit risk and _______ liquidity will offer higher yields. a. lower; lower b. higher; lower c.
    5·1 answer
  • Which two types of résumés can be formatted to be visually appealing?
    10·2 answers
  • If I reset amiibo data on smash Bros, do I get my sprits back?
    10·2 answers
  • What is networking and why is it useful when looking for a job?
    10·2 answers
  • If I have a half circle how many degrees are they?
    11·1 answer
  • Wich type of promotion happens in informal conversations?
    10·1 answer
  • Operating activities: Multiple Choice Are the means organizations use to pay for resources like land, buildings and equipment. I
    13·1 answer
  • Michonne Corp.'s Free Cash Flow (FCF) for the most recent year (year 0) is $730 (million). FCF is expected to grow by 14% next y
    13·1 answer
  • Three ways a business can promote products and services and describe the strengths and weaknesses
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!