Jerry Montray is negotiating with Pamela Barnes for the purchase of her mountain bike. The following conversation has taken place: Jerry: I will buy your mountain bike for 375.00. Pamela: I will sell it to you. Jerry: Good. The tire pump is included. Which of the following statements is true?
A) Jerry and Pamela have a contract for the bike at 375.00.
B) Jerry and Pamela do not have a contract for the bike at 375.00.
C) Jerry and Pamela have a contract for the bike at 375.00 with the tire pump.
D) None of the above
Question 2
The duty of loyalty of an agent to a principal does not cover conflicts of interest.
Indicate whether the statement is true or false
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