Multiple Choice
On January 1,A offers to sell his property to B for $175 000.00 and gives B an option to purchase the property until July 1.The option reads: "The said option shall be exercisable by notice in writing to the seller at any time within 6 months from the date of the option." B mails his acceptance to A on February 12,but the letter never reaches A.In this situation
A) B's acceptance by mail is not in accordance with the option and there is no contract between A and B.
B) since the option states that it is exercisable by notice in writing to the seller,mailing the acceptance is deemed to be notice to the seller.
C) since the option states that it is exercisable by notice in writing to the seller,and since the acceptance never came to the seller,B's acceptance by mail is not acceptance at all.
D) B's acceptance of the option by mail is a proper acceptance,creating a contract between A and B.
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q24: All contracts begin with a promise,but not
Q25: What is the legal effect of a
Q26: Jack tells Mike,"I'd like to buy your
Q27: We study business contract law in order
Q28: Explain why a newspaper advertisement by a
Q30: A offers in writing to sell his
Q31: Explain how a bilateral contract differs from
Q32: An offer will lapse only if the
Q33: Within a standard form contract there always
Q34: What is a unilateral contract?