Destruction of chair constitutes automatic valid revocation

Assignment Help Operation Management
Reference no: EM13968739

If Earl, a nonmerchant, offered to sell a chair to Isaac, a nonmerchant. Earl's house caught fire and destroyed the chair before Isaac accepted Earl's offer to buy the chair. Consequently,

a) The destruction of the chair constitutes an automatic valid revocation of the offer.

b) The fire does not automatically revoke the offer, but because neither Earl nor Isaac is a merchant, the offer is revocable at any time at Earl's option.

c) Earl did not validly communicate a revocation to Isaac, so Isaac still has the option of accepting Earl's offer; if Isaac accepts the offer, Earl must obtain a similar chair for Isaac or pay Isaac the equivalent value of the chair.

d) Earl's offer is automatically revoked by the fire, unless the offer was a firm offer.

Reference no: EM13968739

Response influence the short-run equilibrium price level

if the public's desired money balances were to increase and the Fed were to allow the quantity of money in circulation to rise, how would such a Fed policy response influence

Collecting data regarding the sales transactions

If the system is properly configured, and collecting data regarding the sales transactions. When items are returned, there would be a view into who placed the order, and that

Product-based factor is high or low

All of these questions are according to the company I have pick which is Metlife. Relative Advantage: High or low. State reasons why you think this product-based factor is hig

Health data breach response plan

As the Chief Privacy Officer (CPO) of a competitive managed care organization, you have been advised of a breach in the privacy, security and confidentiality of sensitive pati

Security system to reduce its insurance premiums

The Bayside Art Gallery is considering installing a video camera security system to reduce its insurance premiums. A diagram of the eight display rooms that Bayside uses for e

What form of contract remedy is the seller agreeing to here

A contract between buyer and seller specifies that a seller will pay $1,000 per day if the seller fails to deliver the materials according to the project schedule. What form o

Refused to fill out a loyalty questionnaire

In 1949, there was a case between an employee, Mr. Duberg, and the U.S. government while he was employed at UNESCO in Paris. Mr. Duberg refused to fill out a loyalty questionn

Conduct a value stream analysis

Conduct a Value Stream Analysis for the process of making dinner for some friends. Assume you would like to grill streaks (or a vegetarian substitute if you desire), and prepa


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd