Author Question: Floyd offers to sell his 1967 Ford Mustang convertible to Tim. Before they conclude their ... (Read 135 times)

sarasara · **on:** Jun 24, 2018

Floyd offers to sell his 1967 Ford Mustang convertible to Tim. Before they conclude their negotiations, Floyd dies. Which of the following is true?
A)Floyd's heirs must sell the car to Tim.
B)Floyd's heirs must continue to negotiate the offer and sell the car, if a reasonable price can be determined.
C)The offer terminates automatically upon Floyd's death.
D)There is a contract if Tim accepts before learning of Floyd's death.

Question 2

The type of risk that includes controls on exports, imports, controls on the movement of currency, restrictions on licensing and investment, and controls over physical property located in a country is:
A) legal risk.
B) political risk.
C) economic risk.
D) currency risk.