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 98 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
Wow, this really help

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
Drug Classification and Description of Use Drug Classification and Description of Use
Drug Classification and Description of Use Drug Classification and Description of Use
Polio eradication campaign in Georgia in the 1950s. In the 1950s, 20,000 cases of polio occurred ... Polio eradication campaign in Georgia in the 1950s. In the 1950s, 20,000 cases of polio occurred ...
Options for Legal Structures Cont Options for Legal Structures Cont
Animal that offer potential medical uses Animal that offer potential medical uses
Video: Structure of a Ribosome

For a complete list of videos, visit our video library