Roberta says "Susan, I will sell you my car for $5,000." Susan says, "I'll give you $4,500." Roberta says "No." Later Susan calls Roberta and says, "I have $5,000 and want the car." Roberta:
a. must sell the car for $5,000, since the offer was accepted
b. must sell the car for $5,000 since the offer was accepted in a timely fashion c. does not have to sell the car due to the counteroffer, which is a rejection
d. does not have to sell the car because her offer was not accepted in a timely fashion e. none of the other choices
c
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When a company collects the face value of a long-term investment in bonds at maturity, ________
A) total assets and equity of the firm remains unchanged B) both assets and liabilities of the firm increase C) both assets and equity of the firm increase D) liabilities decrease and equity increases
If the spot interest rate on a prime-rated one-month CD is 6 percent today and the market rate on a two-month maturity prime-rated CD is 7 percent today, the implied forward rate on a one-month CD to be delivered one month from today is
A. 9 percent. B. 11 percent. C. 18 percent. D. 10 percent. E. 8 percent.