Business, 12.10.2019 02:10 lsizzle59

The president of deal corp. wrote to boyd, offering to sell the deal factory for $300,000. the offer was sent by deal on june 5 and was received by boyd on june 9. the offer stated that it would remain open until december 20. the offer a. constitutes an enforceable option.

b. may be revoked by deal any time prior to boyd’s acceptance.

c. is a firm offer under the u. c.c. but will be irrevocable for only three months.

d. is a firm offer under the u. c.c. because it is in writing.

per key – the answer is b ("to create a contract, the offer must be accepted before a termination of the contract. under common law, an offer can be revoked any time before its acceptance.")

why does this not qualify as firm offer?

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The president of deal corp. wrote to boyd, offering to sell the deal factory for $300,000. the offer...

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