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finlep [7]
3 years ago
10

Archer, in Chicago, wrote to Ganze in New York City offering to purchase her antique car. When she received the letter, Ganze ma

iled an acceptance. After she mailed the letter, Ganze changed her mind and sent a telegram rejecting the offer. The acceptance letter reached Archer one day before the telegram. Did a contract result
Business
1 answer:
olya-2409 [2.1K]3 years ago
7 0

Answer:

<u>No</u>

Explanation:

<em>Remember, </em>in business law, as long as both parties did not sign a contractual document, the purchase is not legal.

In this case, it could be observed that Ganze only "mailed an acceptance" not a signed document between both parties agreeing on the purchase of her antique car.

Also, the fact that she quickly sent a telegram letting  Archer know that she is rejecting the offer, shows that she acted in good fate to withdraw her acceptance on time.

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A binding price floor on engines sold to a major customer.

<h3>What is customer?</h3>

A client is the recipient of a good, service, product, or idea gained from a seller, vendor, or supplier through a financial transaction or exchange for money or some other valuable consideration.

A client is defined as someone who purchases goods or services from a store, restaurant, or other retail seller. A customer is someone who goes to an electronics store and purchases a television. (informal) A person, particularly one who is interacting with others.

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2 years ago
When does perfect competition achieve​ efficiency? Perfect competition achieves efficiency if​ _______.
Oduvanchick [21]

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C. price equals marginal social benefit for consumers and price equals marginal social cost for producers

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What is a corporation?
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Lightning strikes a home and starts a fire that destroys the structure and its contents. The lightning is the?
LenaWriter [7]

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The replacement cost covers the retail cost of replacing a broken, damaged, or lost item. The advantage here can be seen in the personal computer example. For example, his $1,500 laptop, purchased two years ago, is worth less than it is now brand new.

Umbrella policies are typically sold for minimum coverage of $1 million, but insurers offer these policies in increments of up to $5 million and sometimes in $100 million increments.

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4 0
1 year ago
TJ's and Corner Grocery are all-equity firms. TJ's has 2,500 shares outstanding at a market price of $16.70 a share. Corner Groc
alexandr402 [8]

Answer:

$1.30

Explanation:

The valuation of TJ's = price per share * number of shares in issue

= $16.70 * 2,500 shares = $41,750.

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