Multiple Choice
John owns a thoroughbred horse named Prince Charming that just ran in the Kentucky Derby.Prince Charming came in last,much to John's frustration and embarrassment.John exclaims in a loud voice,"I'm selling that horse to the first person who hands me $100!" John has
A) made an offer to anyone within hearing distance and will be bound by his offer to the first person who produces $100.
B) made a firm offer and will be bound by his offer for a reasonable period of time.
C) made an acceptance to the first person who can produce $100.
D) not made an offer because under the circumstances a reasonable person would not conclude that John had intent to make an offer.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Which term refers to whether an offeree
Q2: Acme Co.offers to buy 1,000 widgets from
Q3: Briefly discuss how an offer can be
Q4: Jaime offered to buy Kevin's bike.Jamie is
Q6: Spangel Fashions sends out its spring and
Q7: Seth told the salesperson at Outdoor Times
Q8: A letter of intent summarizes progress made
Q9: Regarding contracts,in seeking to determine whether there
Q10: What elements are necessary for an offer
Q11: If an offer specifies no time limit