Acceptance of juliana

Assignment Help Financial Management
Reference no: EM13952560

Juliana offers in writing to sell her book collection to Linda for $15,000. Three days later, before Linda accepts, Juliana dies and her heirs tell Linda that the $15,000 offer is revoked and that they will not sell the collection for less than $20,000. One week after the original offer was made by Juliana, Linda sends a signed acceptance of Juliana's $15,000 offer. Has the contract been formed? Explain.

Reference no: EM13952560

Questions Cloud

Civil engineering construction and management : Choose two research papers in construction management area from best international journal in construction management-one quantitative and the other qualitative-from the construction management literature.
Estimate the wt. cu in the alloy : A Ni-Cu alloy is prepared which has a lattice constant of 0.354 nm. The maximum magnetisation of the alloy is measured as 1.25*10^6 A/m. Assuming no interactions between Ni and Cu atoms, and the magnetisation comes from the all unpaired 3d Ni ele..
Moving to teams at at&t : Tom Brown is the new manager at the AT&T Phone Store in Chicago. The store has a 45- member sales staff, the largest in the mid-west. Because Tom consistently achieved the highest sales revenues in the region for the past 5 years, was promoted and re..
Effectiveness of president bill clintons executive : Argue the effectiveness of President Bill Clintons Executive Order #12938, Proliferation of Weapons of Mass Destruction, on counterterrorism and anti- terrorism.
Acceptance of juliana : One week after the original offer was made by Juliana, Linda sends a signed acceptance of Juliana's $15,000 offer. Has the contract been formed? Explain.
What is the ph range for an acid : The diameter of a proton is approximately 1 x 10^-15 meters. The diameter of a hydrogen atom is 1 x 10^-10 meters. If we could scale up the nucleus of a hydrogen atom (the proton) to a size just barely visible, say a dot on the chalkboard (maybe 1..
Human relation mid term subjective : An employee who complaints loudly Paper copy from VU thirty nine dot Com and frequently is known as pest. How employees make valid complaints to the manager?
Ability of law enforcement : Based on an examination of module resources, prepare an argument for or against the increased ability of law enforcement and government agencies to conduct surveillance and intelligence operations against suspected terrorists in this country.
Criminal liability and criminal responsibility : From the e-Activity, discuss the ages at which a child may be held responsible for violation of a criminal law. Distinguish between the method of imposing criminal liability upon a child under age seven (7) and a child of age fourteen (14). Includ..

Reviews

Write a Review

Financial Management Questions & Answers

  Calculate the PV of cash inflows

A factory costs $498,400. You forecast that it will produce cash inflows of $200,074 in year 1, $155,000 in year 2, and $340,000 in year 3. The discount rate is 10.50%. Calculate the PV of cash inflows. Should the company invest in the factor?

  What is the annual equivalent cost of the investment

Consider a palletizer at a bottling plant that has a first cost of $162,000, operating and maintenance costs of $18,900 per year, and an estimated net salvage value of $27,000 at the end of 30 years. Assume an interest rate of 8%. What is the annual ..

  An investor requires a return of risky security

An investor requires a return of 12 percent of risky securities

  Retirement-compound interest formula and annuity formula

Luis has $120,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put $3000/quarter into the new account until h..

  Describe how application of principles of law to key facts

You must describe how application of the principles of law to the key facts supports your determination of the issues. You need to show the reasoning behind your decision. Oil tankers used by the Atlantic Richfield Company (ARCO) to bring oil into Pu..

  For the first year of the bonds life

A zero coupon bond with a face value of $1,000 is issued with an initial price of $475.00. The bond matures in 25 years. What is the implicit interest, in dollars, for the first year of the bond's life?

  What is the value of a perpetuity

What is the value of a perpetuity that pays $100 every 6 months forever? The discount rate quoted on an APR basis is 6.5%.

  What must the coupon rate be on the bonds

Osbourne Corporation has bonds on the market with 16.5 years to maturity, a YTM of 10.6 percent, and a current price of $942. The bonds make semi-annual payments. What must the coupon rate be on the bonds?

  How much can you withdraw each year in your retirement

You are planning your retirement in 10 years. You currently have $160,000 in a bond account and $600,000 in a stock account. You plan to add $8,000 per year at the end of each of the next 10 years to your bond account. How much can you withdraw each ..

  Compute the rate of capital for the firm

Compute the rate of capital for the firm for the following: A bond that has a $1000 par value and a coupon interest rate of 12.6% with interest paid semiannually. A new issue would sell for $1,145 per bond and mature in 20 years. The firm's tax rate ..

  Theme of cloud computing social media mobile devices and

theme of cloud computing social media mobile devices and mobile applications apps. what is your overall thought on

  Calculator for appropriate number of payments per year

You have agreed to a $140,000 fixed-rate loan from First National Bank today and promise to repay the loan with 36 equal monthly payments at an APR of 7%. How large are your monthly payments? Use a financial calculator to determine your answer. Make ..

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