The following exchanges occurred via fax: Buyer, Day 1 - I offer ...

[jazziefee]

The following exchanges occurred via fax:  Buyer, Day 1 - I offer to buy (legal description of property) for 350,000. Seller, Day 2 - I will sell (legal description of property) for 375,000. Buyer 2, Day 3 - I will buy (legal description of property) for 380,000. Seller, Day 3 (later) - I accept your offer of 380,000. Buyer 1, Day 3 (even later) - I accept your counter offer of 375,000.
 A)The seller has a contract with Buyer 2
 B)The seller has a contract with Buyer 1
 C)The seller has a contract with both Buyer 1 and Buyer 2
 D)The use of fax communications does not satisfy the statute of frauds

Question 2

A negotiable instrument must be in writing and signed by the party executing it.
  Indicate whether the statement is true or false

[pallen55]

Answer to Question 1

C

Answer to Question 2

TRUE

[jazziefee]

Wow, this really help

[aliotak]

Thanks for the timely response, appreciate it