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
kenny6666 [7]
3 years ago
14

Bob, a merchant, makes an offer to Linda, another merchant, to buy 1,000 of her widgets in a signed letter containing all necess

ary terms of the offer. The letter states that Bob will keep the offer open for three weeks from the day the offeree receives it. One week later, Bob writes another letter to Linda attempting to revoke his offer. Linda writes a letter to Bob accepting Bob's original offer before she receives his revocation. Which of the following statements is true of this situation?
a. Linda's acceptance is effective and a contract is created.
b. Bob's revocation is effective and no contract is created.
c. Promissory estoppel prevents the formation of a contract in this situation.
d. The offer cannot be revoked since it is an option offer.
Business
1 answer:
Orlov [11]3 years ago
3 0

Answer:

a. Linda's acceptance is effective and a contract is created.

Explanation:

A contract is created when there is an offer and acceptance of a transaction. When the contract is created it is enforceable and not revocable unless with the consent of parties involved.

Bob made an offer to Linda to buy her 1,000 of her widgets. The offer is open for 3 weeks and Linda accepted the offer within one week.

Although Bob tried to revoke the offer, since Linda has accepted it the contract is created and enforceable on Bob.

You might be interested in
The earnings of women who worked full-time were, in 2008, about ____ percent of the earnings of men.
alexira [117]
80 percent is the answer
4 0
3 years ago
A certain brand of coffee come in two size. An 11.5 ounce package costs 4.24. 27.8 ounce package costs 9.98
Vladimir79 [104]

Answer

the second choice is the better deal

Explanation:

8 0
3 years ago
Assume a firm increases its revenue by $100 while increasing its cost of goods sold by $85. How much additional tax will the fir
natka813 [3]

Answer:

Additional tax the firm will owe: $3.15

Explanation:

Marginal tax rate is calculated by following formula:

Marginal tax rate = Change in taxes paid/Change in income

Change in taxes paid = Marginal tax rate x Change in income

The firm increases its revenue by $100 while increasing its cost of goods sold by $85.

Change in income = $100 - $85 = $15

Additional tax the firm will owe = $15 x 21% = $3.15

8 0
3 years ago
Read 2 more answers
Hey!
andrey2020 [161]

The unification of Germany into a politically and administratively integrated nation state officially occurred on 18 January 1871, in the Hall of Mirrors at the Palace of Versailles in France. Princes of the German states, excluding Austria, gathered there to proclaim Wilhelm I of Prussia as German Emperor after the French capitulation in the Franco-Prussian War.
6 0
3 years ago
A television commercial describing why sure antiperspirant works better than right guard antiperspirant is an example of primary
jenyasd209 [6]

The answer is false. Primary demand advertising is any kind of marketing that fuels the chief demand for an item for consumption. Primary demand advertising instructs the consumer base about the aids of a whole product class but in the question it doesn’t. In the problem it is a selective demand advertising. It pursues to indicate the advantages of one brand of product above the products of rival companies.

7 0
3 years ago
Other questions:
  • _____________________ involves measuring organizational performance and making adjustments as needed
    5·1 answer
  • Frederick is a student at Central Fictional State University (CFSU), and he has a great idea for a new business invention. Frede
    11·1 answer
  • Alex is willing to pay $10, and Bella is willing to pay $8, for 1 pound of ribeye steak. When the price of ribeye steak increase
    7·1 answer
  • Here is some pricing information for a pair of jeans from different countries. Country Price of a pair of jeans Actual Exchange
    9·1 answer
  • The cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the Blending Department for the comin
    12·1 answer
  • You have been given the following information and data from the last sample taken: Lower control limit for the range chart: 0 Up
    13·1 answer
  • On 9 OT 25
    7·2 answers
  • What's the appropriate response to receiving a talk about breaking a rule?
    14·1 answer
  • after a bank reconciliation is completed, journal entries are prepared for items in the balance per company's records as well as
    11·1 answer
  • from a profit perspective, it makes sense for firms to disperse their productive activities to those countries where they can be
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!