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Author Question: The following exchanges occurred via fax: Buyer, Day 1 - I offer to buy (legal description of ... (Read 89 times)

jazziefee

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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


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pallen55

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


jazziefee

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Reply 2 on: Jun 24, 2018
Wow, this really help

ashely1112

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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