menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of Business Law Study Set 3
  4. Exam
    Exam 8: Offer and Acceptance
  5. Question
    When an Offer of Sale Does Not Specify a Price
Solved

When an Offer of Sale Does Not Specify a Price

Question 17

Question 17

Multiple Choice

When an offer of sale does not specify a price, it is assumed that the parties intended:


A) an implied contract.
B) not to enter a contract
C) a reasonable price.
D) a minimal price.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: As a general rule, if an offer

Q13: Offer and acceptance are essential elements of

Q14: A valid offer must be all of

Q15: The words, "first come, first served" in

Q16: All of the following communications are offers

Q18: The offer, once rejected by the offeree,

Q19: When no ?definite time for acceptance is

Q20: All of the following are considered to

Q21: The general rule regarding the effective date

Q22: A person cannot be compelled to speak

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines