This topic contains a solution. Click here to go to the answer

Author Question: John Freeden is negotiating with Bill Murray to buy Bill's mountain bicycle. The following ... (Read 122 times)

mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jessofishing

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

C

Answer to Question 2

TRUE




jessofishing

  • Sr. Member
  • ****
  • Posts: 329

 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

For a complete list of videos, visit our video library