First Principles of Business Law
Quiz: Making a contract 

Question 7

 

 

 

A says to B:  “I’ll sell my car to you for $10,000.”  B says: “I’ll have to check my bank account.  If I have sufficient funds I’ll buy your car for $10,000."  In the light of these facts, which one of the following answers is the most accurate?  

 

(a)  By saying what he did, B has immediately accepted A’s offer and has bound himself  to buy As car for $10,000.

(b)  B has not yet accepted A’s offer, but if he finds that there are sufficient funds in his account, then what he has said will be acceptance and retroactively bind him to buy the car.

(c)   What B has said does cannot amount to acceptance.  If there are sufficient funds in B’s bank account, he will need to go back to A and communicate his acceptance of A’s offer to sell.

 

 

 

 

 

 

 

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