Dye sent Hill a written offer to sell a tract of land located in New town for $60,000. The parties were engaged in a separate dispute. The offer stated that it would be irrevocable for 60 days if Hill would promise to refrain from suing Dye during this time. Hill promptly delivered a promise not to sue during the term of the offer and to forego suit if Hill accepted the offer. Dye subsequently decided that the possible suit by Hill was groundless and therefore phoned Hill and revoked the offer 15 days after making it. Hill mailed an acceptance on the 20th day. Dye did not reply. Under the circumstances,
a. Dye's offer was supported by consideration and was not revocable when acceptedb. Dye's written offer would be irrevocable even without considerationc. Dye's silence was an acceptance of HIll's promised. Dye's revocation, not being in writing, was invalid
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Dye sent Hill a written offer to sell a tract of land located in New town for $60,000. The parties were engaged in a separate dispute. The ...” 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
When demand is perfectly inelastic, the demand curve will be Group of answer choices negatively sloped, because buyers decrease their purchases when the price rises.
Answers (1)
Amounts billed to clients for services rendered $ 172,000 $ 222,000 Cash collected from clients 159,000 189,000 Cash disbursements Salaries paid to employees for services rendered during the year 89,000 99,000 Utilities 29,500 39,000 Purchase of
Answers (1)
The skills section of the resume should include skills that you've gained both in school and hobbies but should be skills that are to what the employer is looking for. unrelated opposite different related
Answers (1)
What items are found in the MICR line on a check?
Answers (1)
This principle suggests that a certain amount of money today has different buying power than the same amount of money in the future.
Answers (1)
New Questions in Business
The total amount of money the federal government owes to its creditors is the
Answers (1)
Determine the cost of the land, based on the following data. Land purchase price $90,000 Broker's commission 7,500 Payment for the demolition and removal of existing building 2,500 Cash received from the sale of materials salvaged from the
Answers (1)
A truck costing $12,100, which has Accumulated Depreciation of $9,010, was sold for $2,010 cash. The entry to record this event would include a: -loss of $1,080. -gain of $1,080. -credit to the Vehicles account for $3,090.
Answers (1)
Yolanda buys a house in the mountains for $450,000 which she uses as her personal vacation home. she builds an additional room on the house for $40,000.
Answers (1)
Fleet Foot Shoes has been successful at differentiating itself from competitors by claiming a premium price for its athletic footwear based on superior design and high-quality materials.
Answers (1)