Author Question: Baker Corporation sent a letter to Sampson Company in which Baker offered to purchase 10 acres of ... (Read 136 times)

jCorn1234 · **on:** Jun 24, 2018

Baker Corporation sent a letter to Sampson Company in which Baker offered to purchase 10 acres of certain real estate from Sampson for 4,000. Sampson responded that it would sell eight of these acres for that price. Baker and Sampson have created:
A)A contract for the sale of 8 acres for 4,000.
B)A contract for the sale of 10 acres for 4,000.
C)A contract to sell 8 acres for 3,200.
D)No contract in this connection

Question 2

The _____ requires creditors to notify a potential recipient of credit whenever any adverse action or denial of credit was based on a credit report.
A) Sherman Act
B) Truth in Lending Act
C) Fair Credit Reporting Act
D)Mangnuson-Moss Warranty and Federal Trade Commission Improvement Act