Royal Hotel Inc. orally orders 100… Show more Royal Hotel

Assignment Help Finance Royal Hotel Inc. orally orders 100… Show more Royal Hotel

Finance

Royal Hotel Inc. orally orders 100… Show more Royal Hotel

Royal Hotel Inc. orally orders 100… Show more Royal Hotel Inc. orally orders 100 standard sets of sheets from Textile Inc. for a price of $500. Textile immediately sends back a written invoice with the details of the conversation. Royal and Textile ( have an enforceable contract unless Royal objects within 10 days. have an enforceable contract unless Textile objects within a reasonable time. do not have an enforceable contract because it was an oral agreement. do not have an enforceable contract because Royal never signed the invoice. By letter, Martine offers to landscape Harry’s yard for $500. Harry thinks that is too much, and on Monday he mails a rejection. However, on Tuesday Harry realizes Martine was giving him a good deal, so he mails an acceptance. Martine however changed her mind about the job on Wednesday, and mailed a revocation, which Harry receives on Thursday. On Friday, Martine receives Harry’s acceptance. On Saturday, she receives his rejection. Which best describes the situation? There is a contract; Harry accepted on Tuesday. There is a contract; Harry accepted on Friday. There is no contract; the offer terminated on Monday. There is no contract, the offer terminated on Thursday. Alpha Inc. offers to sell a factory building to Delta Corp for $300,000. The offer states that it is good until June 1. On May 22, the CEO of Alpha emails an officer at Delta, informing him that she is withdrawing the offer. Which of the following is true? (Points : 1) Alpha Inc. offers to sell a factory building to Delta Corp for $300,000. The offer states that it is good until June 1. On May 22, the CEO of Alpha emails an officer at Delta, informing him that she is withdrawing the offer. Which of the following is true? (Points : 1) Alpha may not revoke because it is a merchant Alpha may not revoke whether or not it is a merchant Alpha may revoke unless the offer was in a signed writing Alpha may revoke whether or not the offer was in a signed writing • Show less

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