Offeror says "I'll sell you my car for $10,000." Offeree says, "Okay I accept your offer but will only pay you $9,700.00

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Offeror Says I Ll Sell You My Car For 10 000 Offeree Says Okay I Accept Your Offer But Will Only Pay You 9 700 00 1 (98.63 KiB) Viewed 21 times

Offeror says "I'll sell you my car for $10,000." Offeree says, "Okay I accept your offer but will only pay you $9,700.00." As a result, at this point: Select one: a. There are two open offers. b. This was a conditional acceptance. c. Offeror must sell car to offeree if Offeree gives Offeror $10,000 d. This was a counter offer - The only open offer is for $9,700.00 -
Under the parol evidence rule, which of the following items could be used to interpret, explain, or otherwise affect a complete and final written contract. Select one: a. Evidence the parties had been negotiating b. Evidence of fraud C. Evidence to explain an unclear term or phrase. d. B and C
Mark and Lois have a contract that calls for Lois to purchase 1000 bicycles from Mark every year. One particular day in early December Lois says to Mark: "If you promise to deliver another 100 bikes to my shop by December 15th, I will buy them fro $225 per bike and have a Christmas sale." Mark replies, "I will see what I can do; unless another customer comes along and offers to buy them at the regular price of $250 per bike." They shake hands. What is the result? Select one: a. There is a binding contract on both parties b. Invalid - this is a gift situations since it is such a good deal C. Invalid - lacks consideration since Mark's promise is illusory - he really has not promised anything d. Invalid -because of the part performance doctrine