First Principles of Business Law
Quiz: Making a contract 

Question 2

 

 

 

A says to B:  “I need to raise some money quickly, so I’ll sell my car to you for $3000.  It’s worth twice that amount.”  B says: “I’ll have to think about it.”  C says to A: “I heard what you said to B and I’m prepared to pay you $3000 for your car.”

In the light of these facts, which one of the following answers is the most accurate? 

(a)  C’s statement is a valid acceptance of an offer made by A to sell the car for $3000.

(b)  C’s statement is not a valid acceptance of any offer made by A to sell the car for $3000 but it is a valid offer, made to A, to buy A’s car for $3000.

(c)   C’s statement cannot be either a valid acceptance of an offer made by A, or a valid offer made by C to A, because A was only negotiating with B, not with C.

 

 

 

 

 

 

 

  

 

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