Multiple Choice
Fred Twain sends the following e-mail to Ralph Barnes: "Will sell you my 2010 Audi A4 for $23,500,will carry or take cash.This offer to remain open until November 11,2016." Ralph responds,"I know how much you love that car.I'll think about it." On November 12,2016,Ralph e-mails Fred and writes,"Fred,I am ready to buy your car." Fred responds,"Ralph,I sold the car this morning because I didn't hear from you."
A) Fred has breached a contract because Ralph accepted.
B) Fred was required to notify Ralph before he sold the car to someone else.
C) Ralph no longer had the power of acceptance.
D) both a and b
Correct Answer:

Verified
Correct Answer:
Verified
Q2: A bilateral contract is one in which
Q3: The Truth-in-Lending Act applies to all credit
Q4: Under the UCC,offers need price,subject matter,and quantity
Q5: Which of the following is not required
Q6: A price list would be an offer.
Q7: Which of the following statements is correct?<br>A)Bethany
Q8: GraceWilliams purchased plates and cups from China
Q9: Day 1 - School teacher sends superintendent
Q10: List the federal laws regulating credit contracts
Q11: The maximum liability for a credit card