Multiple Choice
The owner of a new building wanted four maple trees,each six metres tall,planted on the north side of the building.Lloyd Landscaper submitted his offer of four six-metre maples planted for $800.The owner said he would pay $600 for that.Lloyd said that for $600 he would supply four smaller,five-metre trees.The owner said,"$600 for five-metre trees plus a Christmas tree for my kids." Lloyd was disgusted and said,"Forget it.I don't need this job." As he was leaving,the owner said,"All right,I'll accept your offer of $600 for the five-metre maples planted." Lloyd kept on walking.Which of the following is true?
A) There is no contract because Lloyd's last offer had been rejected by a counter-offer.
B) There is no contract because Lloyd's last offer was revoked.
C) There is no contract because there is a presumption in law in these circumstances that the parties did not intend to create a legal relationship.
D) There is no contract because Lloyd's last offer had lapsed after a reasonable time.
E) There is a contract because at one point in the conversation Lloyd was willing to sell and the owner was willing to buy four trees.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Why is an understanding of contract law
Q48: "A verbal contract is every bit as
Q88: A letter of revocation takes effect when
Q106: Joe made an offer to sell his
Q109: Which of the following is true with
Q110: XYZ Company,a distributor of auto parts,is in
Q113: If an offeror makes an offer that
Q114: Which of the following is true with
Q115: Joe was in a bar and saw
Q120: All commercial contracts must be evidenced by