On November 1, 2015, Sam made an offer to Bobby by mail for the ...

[Lisaclaire]

On November 1, 2015, Sam made an offer to Bobby by mail for the sale of his mobile home lot at 14,000. Sam's offer included the following: Acceptance must be by Federal Express no later than 10:30 a.m. on November 5, 2015. Bobby accepted the offer by mail on November 4. The acceptance arrived at 8 a.m. on November 5.
 A)Sam and Bobby do not have a contract
 B)Sam and Bobby had a contract as of November 4
 C)Sam and Bobby had a contract as of November 5
 D)Bobby's acceptance is effective as of 10:30 a.m. on November 5 as long as Sam hasn't revoked the offer

Question 2

If the choice of whether an instrument is payable in either cash or goods is left up to the holder, the instrument is not negotiable.
  Indicate whether the statement is true or false

[princessflame2016]

Answer to Question 1

A

Answer to Question 2

FALSE

[Lisaclaire]

Thanks for the timely response, appreciate it

[triiciiaa]

Wow, this really help