Baird submits an offer to buy a house, giving the seller twenty-four hours in which to make a decision. Under which of the following circumstances would a contract be created?
A. The seller waits more than twenty-four hours before deciding to accept the offer.
B. The seller makes a counteroffer to Baird with the seller's initials next to a new proposed closing date
C. The seller accepts the offer only to discover that Baird has just died.
D. The seller accepts Baird's offer as presented and notifies him of the acceptance within the time specified
Answer: D. The seller accepts Baird's offer as presented and notifies him of the acceptance within the time specified
You might also like to view...
If corporation fails, the shareholders can lose their ______________, but that generally is the limit of their liability.
Fill in the blank(s) with the appropriate word(s).
Tenants cannot waive their rights under the landlord's:
A. duty of paying loan obligations B. implied warranty of habitability C. doctrine of extreme sensibility D. right of reasonable appropriation