Ms. Swan listed a vacant lot with Broker Benton for $11,400. Prospective buyer Gardner submitted an offer at a purchase price of $11,000 with the offer to expire in thirty days. The next day, Ms. Swan made a counteroffer with the sales price to be $11,200, which Gardner would not accept. Three days later, Swan delivered to Benton a signed acceptance of Gardner's $11,000 offer. When Benton told Gardner of Ms. Swan's acceptance, Gardner decided not to buy the property. Based on these actions, there is:
A: A voidable contract;
B: A void contract;
C: An enforceable contract;
D: No contract.
Answer: D: No contract.
Business
You might also like to view...
The vacancy rate of an apartment building under normal competitive conditions is basically the result of:
A: Employment fluctuations; B: The schedule of rents and the number of units in the apartment building; C: Cost of construction and the cost of money; D: Housing supply and demand in the area.
Business
Which countries expect a professional objective as a part of the résumé?
a. Spain and Germany b. England and Japan c. Spain and England d. Germany and Japan
Business