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Lori Just Purchased a Brand New Lawnmower for $500

Question 24

Multiple Choice

Lori just purchased a brand new lawnmower for $500.When she got home and tried to use it,it would not work.She became angry and shouted,"I'd sell this thing for $50." Her neighbor heard her and said,"I'll take it," and offered Lori the $50 in cash.Which of the following best describes this situation?


A) This is an enforceable bilateral contract.
B) This is an express contract.
C) This situation does not result in the creation of a contract.
D) Contract formation in this case depends on whether the neighbor subjectively thought Lori was serious.

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