John Freeden is negotiating with Bill Murray to buy Bill's ...

[mikaylakyoung]

John Freeden is negotiating with Bill Murray to buy Bill's mountain bicycle. The following conversation has taken place: John: I will buy your mountain bike for 325.00. Bill: I couldn't sell it for less than 375.00. John: I'll take it for 375.00. Which of the following statements is true?
 A) Bill and John have a contract for the sale of the bike at 375.00.
 B) Bill and John have a contract for the sale of the bike at 325.00.
 C) Bill and John do not have a contract.
 D) None of the above

Question 2

A power of attorney is an example of an agency relationship.
  Indicate whether the statement is true or false

[jessofishing]

Answer to Question 1

C

Answer to Question 2

TRUE

[mikaylakyoung]

Correct answers!

[jessofishing]

Great! Please up vote