Asked by
James Cunningham
on Nov 21, 2024
Verified
Which of the following is correct regarding the final status of the negotiations between Isaiah and Yasmeen?
A) Isaiah made an offer which was rejected by Yasmeen when she made a counteroffer for $400.
B) Isaiah had made an offer which was still outstanding even though Yasmeen had made a counteroffer for $400.
C) Isaiah had made an offer but it was revoked because Yasmeen did not immediately accept it.
D) Isaiah had made an offer, and it was still outstanding because he did not revoke it before ending his initial conversation with Yasmeen in which she offered $400.
E) No binding offer was ever made because an insufficient material term involving who would move the hot tub was omitted.
Counteroffer
A proposal made in response to an original offer, modifying its terms and conditions, which effectively rejects the initial offer.
Material Term
A significant provision in a contract that notably affects the rights and obligations of the parties involved.
- Identify the impact of specific events (destruction of subject matter, counteroffers) on the validity of a contractual offer.
Verified Answer
RB
Learning Objectives
- Identify the impact of specific events (destruction of subject matter, counteroffers) on the validity of a contractual offer.