Bill phones Sandy and orally offers her $300,000 for her property. Sandy says that would be acceptable. Bill fills out a purchase and sales agreement and signs it. Before he can put it in the mail, though, Sandy phones Bill and says she has accepted a better offer instead. Which of the following is true?
A. Sandy forms a contract with built upon her oral acceptance of his offer
B. Sandy his form contract with both bill and the second buyer, and is liable to both
C. Bills offer and Sandy's acceptance we're not valid because they were not in writing, so she may accept another offer
D. Bills offer was valid, but Sandy's oral acceptance was not valid, so she may accept another offer
Answer: C. Bills offer and Sandy's acceptance we're not valid because they were not in writing, so she may accept another offer
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According to the expectations theory of the term structure,
A) the interest rate on long-term bonds will exceed the average of expected future short-term interest rates. B) interest rates on bonds of different maturities move together over time. C) buyers of bonds prefer short-term to long-term bonds. D) all of the above. E) only A and B of the above.
Catalogs and sales letters are examples of ________, a form of print advertising
Fill in the blanks with correct word