Multiple Choice
Peter has two houses that he plans to sell,numbered Lot 1 and Lot 2,each priced at $800,000.David has shown interest in buying Lot 2 but is not able to make up his mind on the final offer,so he asks Peter to give him a week to decide and Peter accepts.But David takes two weeks to get back to Peter with a counteroffer.Before he could give David a reply to his counteroffer,Peter is killed in a fire that burned down Lot 1.Which of the following would be true of this case?
A) The offer is terminated due to lapse of time.
B) The offer is terminated due to destruction of the subject matter.
C) The offer is terminated due to death of the offeror.
D) David can still buy the house for Peter's original offer.
Correct Answer:
Verified
Correct Answer:
Verified
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