Multiple Choice
James says to Jack,"I am selling my Toyoda for $500.Would you like to buy it?" Jack,believing that James was referred to his automobile,replies,"Yes,I'll buy your Toyota for $500." Jack pays $500 and James presents him with a Japanese doll called Toyoda.Jack asks for his money back because he misunderstood James.Should this matter go to court,the court will most likely find that
A) no contract arose because a reasonable person would not believe that James would offer to sell his car for $500.
B) Jack's refusal to pay is a breach of contract.
C) there is a binding contract for the sale of the Toyoda because that is what James meant when he made the offer.
D) there is a binding contract for the sale of the Toyota car because James should have made it clear what he was selling.
E) there is a binding contract for the sale of the Toyota because that is the offer Jack believed he was accepting.
Correct Answer:

Verified
Correct Answer:
Verified
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