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Explain why the offer in the following facts has EITHER been revoked or has been accepted (It is only one or the other): Bonnie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The problem here is that before the offeree (Dale) was notified that the offer had been revoked, he had already accepted the offer.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
The information needed to identify lines and other symbols on a construction drawings can be found in the
serious [3.7K]
Where is the picture?
8 0
3 years ago
When developing baseline standards, it is vital to use industry best practices. Industry best practices standards enable one to
Trava [24]

Answer: True

Explanation: There is always that opportunity to perfect existing industry standards and several analysis would have already be done which saves you a great deal of financial stress and a possible loss.

7 0
3 years ago
Deb and Rusty know that buying a house will save them money on taxes because they get to deduct the interest they pay to the ban
Margarita [4]

Answer:

Their income after 20 years would be 72,550 dollars.

Explanation:

The income after 20 years can easily de determin by using compounding

formula

Future Value = Present Value (1 + I)^ 20

                      = 90,000 (1 + 0.03)^ 20

                      = 162,550 dollars

Income can be determing by subtracting Pv from Fv i.e

Income = 162,550 - 90,000 = 72,550

Calculation on excel sheet

       A                        B                  C                         D                

1     90,000             1.03            = A1 * 1.03        = C1-A1        

2      = D1                  1.03           = A2 * 1.03       = C2-A2

20    = D19               1.03           = A20 * 1.03      = A20 - C20

* In work sheet colunm D will show income on investment.

4 0
3 years ago
When General Motors first began selling its Chevy Novas in Mexico, it could not understand the low sales volume at first. Then,
mafiozo [28]

Answer:

The correct answer is letter "B": Cultural similarities.

Explanation:

Cultural similarities refer to customs and special terms that for one region or country are widely accepted but not for others. Those actions or phrases could be exactly the same but carry a different or even negative meaning in different places. This is not limited to actions and terms used in day-to-day activities but also under formal circumstances.

5 0
3 years ago
The legal system in the United States is based on _____.
Romashka-Z-Leto [24]
Common law is the answer hope this helps!
6 0
3 years ago
Other questions:
  • The ruhr valley is important to the economy of germany because it ____.
    6·1 answer
  • Described below are certain transactions of Crane Company for 2021:
    9·1 answer
  • _______ data would be useful for creating a report containing last year's revenue, which won't be changing.
    15·1 answer
  • Can someone please help me do a document i beg anyone ​
    11·1 answer
  • The mean of a set of data is 5.07 and its standard deviation is 3.39.
    9·1 answer
  • what are the typical interest rates for a traditional savings account, online savings account, certificate of deposit, and money
    11·1 answer
  • Windmill Corporation,a Dutch corporation,is owned by the following unrelated persons: 50 percent by a U.S.corporation,5 percent
    8·1 answer
  • The following is information concerning a product manufactured by Ames Brothers. Sales price per unit $ 79 Variable cost per uni
    15·1 answer
  • What would economic conditions potentially be like in the u.s if the federal reserve did not regulate monetary policy, monitor b
    8·1 answer
  • Predictors and Effects of Participation in Peer Support: A Prospective Structural Equation Modeling Analysis
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!