Peter Has Two Houses That He Plans to Sell,numbered Lot

question 4

Multiple Choice

Peter has two houses that he plans to sell,numbered Lot 1 and Lot 2,each priced at $800,000.David has shown interest in buying Lot 2 but is not able to make up his mind on the final offer,so he asks Peter to give him a week to decide and Peter accepts.But David takes two weeks to get back to Peter with a counteroffer.Before he could give David a reply to his counteroffer,Peter is killed in a fire that burned down Lot 1.Which of the following would be true of this case?

• A) The offer is terminated due to lapse of time.
• B) The offer is terminated due to destruction of the subject matter.
• C) The offer is terminated due to death of the offeror.
• D) David can still buy the house for Peter's original offer.

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