This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The following exchanges occurred via fax: Buyer, Day 1 - I offer to buy (legal description of ... (Read 88 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: Jun 24, 2018
The following exchanges occurred via fax:  Buyer, Day 1 - I offer to buy (legal description of property) for 350,000. Seller, Day 2 - I will sell (legal description of property) for 375,000. Buyer 2, Day 3 - I will buy (legal description of property) for 380,000. Seller, Day 3 (later) - I accept your offer of 380,000. Buyer 1, Day 3 (even later) - I accept your counter offer of 375,000.
 A)The seller has a contract with Buyer 2
 B)The seller has a contract with Buyer 1
 C)The seller has a contract with both Buyer 1 and Buyer 2
 D)The use of fax communications does not satisfy the statute of frauds

Question 2

A negotiable instrument must be in writing and signed by the party executing it.
  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

pallen55

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


jazziefee

  • Member
  • Posts: 505
Reply 2 on: Jun 24, 2018
Gracias!

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

A Schematic Description of the Experiment by Maviel et al. (2004) A Schematic Description of the Experiment by Maviel et al. (2004)
A Schematic Description of the Experiment by Misanin, Miller, and Lewis (1968) A Schematic Description of the Experiment by Misanin, Miller, and Lewis (1968)
Drug Classification and Description of Use Drug Classification and Description of Use
The offspring of the microchip—from computers to cell phones—offer access to vast information ... The offspring of the microchip—from computers to cell phones—offer access to vast information ...
Legal Environment of Business: Online Commerce, Ethics, and Global Issues (Cheeseman) Legal Environment of Business: Online Commerce, Ethics, and Global Issues (Cheeseman)
Overview of the components of the human digestive system, together with a brief description of their Overview of the components of the human digestive system, together with a brief description of their
Video: Biological organic compounds

For a complete list of videos, visit our video library