Ask Question
BusinessBusiness
11 February, 15:36

Troy, who is 18, offers to sell Jenna, who is also 18, his car for $5,000. Jenna accepts Troy's offer, but only agrees to pay $4,500 for the car. Which of the following contract elements has not been met? a. Legality. b. Contractual Capacity. c. Acceptance. d. Offer.

+5
Answers (1)
  1. 11 February, 18:41
    0
    Acceptance

    Explanation:

    For a contract there are some certain conditions to be fulfilled, to call it valid. This includes the basic two things:

    Offer and acceptance.

    Offer refers to the option provided by a party in the contract and that there is acceptance from opposite party to accept the offer, and when it is accepted as the offer itself, then the contract is valid.

    In the given instance there is an alteration in the acceptance conditions as not same like offer. The offer price is $5,000 and that the acceptance price is $4,500.

    Thus, there is no acceptance in this contract. Rather there is counter offer.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Troy, who is 18, offers to sell Jenna, who is also 18, his car for $5,000. Jenna accepts Troy's offer, but only agrees to pay $4,500 for ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
According to the classical dichotomy, when the money supply doubles, which of the following also doubles? (A) the price level. (B) nominal wages. (C) Both a and b double. (D) Neither a nor b double
Answers (1)
Java Joe's operates a chain of coffee shops. The company pays rent of $12,000 per year for each shop. Supplies (napkins, bags, and condiments) are purchased as needed.
Answers (1)
An investment projects requires that a company incurs maintenance in the second year. Under the net present value method, the cost of maintenance should be treated as:Multiple Choice a. one-time cash outflow. b. one-time cash inflow. c.
Answers (1)
100 stolen from a store buy 70 worth of things how much money store lose
Answers (1)
A business pays biweekly salaries of $20,000 every other Friday for a 10-day period ending on that day. The last payday of December is Friday, December 27.
Answers (1)
New Questions in Business
During its most recent fiscal year, Raphael Enterprises sold 200,000 electric screwdrivers at a price of $15 each. Fixed costs amounted to $400,000 and pretax income was $600,000.
Answers (1)
ABC Limited, Inc., sells its product in a perfectly competitive market for a price of $15 per unit and hires workers at a daily wage of $75. Labor is the only factor cost, and the firm is currently earning profits.
Answers (1)
Minor Company had the following department dа ta: Physical Units Work in process, July 1 30000 Completed and transferred out 165000 Work in process, July 31 45000 All materials are added at the beginning of the process.
Answers (1)
Depreciation A company purchased a machine on January 1 of the current year for $800,000. Calculate the annual depreciation expense for each year of the machine's life (estimated at 5 years or 25,000 hours, with a salvage value of $80,000).
Answers (1)
At which level of production does the company make the most profit?
Answers (2)
Home » Business » Troy, who is 18, offers to sell Jenna, who is also 18, his car for $5,000. Jenna accepts Troy's offer, but only agrees to pay $4,500 for the car. Which of the following contract elements has not been met? a. Legality. b. Contractual Capacity. c.
Sign Up Forgot Password?