Sally Owns a Very Expensive Fur Coat Which Mary Would

question 41

Multiple Choice

Sally owns a very expensive fur coat which Mary would like to buy.During the course of conversation,Mary asks how much Sally would take for the coat.Sally replies,"I am not sure I want to sell the coat,but I think it is worth about $3,000." Mary says,"That is a little more than I wanted to spend." Several days later,Mary calls Sally on the telephone and says,"I'll bring over the $3,000 today." Sally refuses to sell the coat,and Mary sues.What is the likely outcome?

• A) Mary wins because a valid contract was created.
• B) Sally wins because there was never any offer for Mary to accept.
• C) Sally wins because when Mary said $3,000 was too much to pay, Mary rejected the offer.
• D) Sally wins because Mary did not accept the offer in a reasonable manner.
• E) Mary wins only if she can show she subjectively thought Mary was serious.

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Definitions:

Immigration Quotas

A system that sets limits on the number of immigrants allowed to enter a country.

Immigration Act of 1924

A United States federal law that restricted immigration by establishing quotas based on nationality.

Johnson-Reed Act

A 1924 United States federal law that limited the number of immigrants who could be admitted from any country to 2% of the number of people from that country who were already living in the United States as of the 1890 census.

Immigration Restriction

Policies or laws designed to limit or control the numbers and characteristics of immigrants allowed to enter a country.