Author Question: Dick offers to sell Jane his 1955 Thunderbird convertible. Before Jane can accept the offer, ... (Read 340 times)

awywial · **on:** Jun 24, 2018

Dick offers to sell Jane his 1955 Thunderbird convertible. Before Jane can accept the offer, lightning strikes the car and it is totally destroyed. Which of the following is true?
A) Jane can still accept the offer and John must find a 1955 Thunderbird to sell.
B) The offer is terminated by law.
C) Dick can still revoke his offer so long as he does so before Jane accepts.
D) Jane can still accept the offer. She will be entitled to the insurance proceeds.

Question 2

If an offer specifies no time limit in which to accept,
A) the offeree has 30 days to respond.
B) the offeree has 10 days to respond.
C) the offer is not valid and therefore it does not matter when the offeree responds.
D) the offeree has a reasonable period during which to accept.