Anthony Offers to Sell a Computer to Salvador for $900

question 45

Multiple Choice

Anthony offers to sell a computer to Salvador for $900 if Salvador replies by e-mail only,sent no later than noon on Saturday.On Saturday,Salvador is unable to access his e-mail,so he mails an acceptance at the post office before noon.Which of the following is true of the situation?

• A)A legal contract exists since Salvador's acceptance was sent by noon on Saturday.
• B)No contract exists since Salvador's acceptance is not effective until reviewed.
• C)Anthony is legally bound to the contract since Salvador's e-mail malfunction was no fault of his own.
• D)A legal contract does not exist since the mode of acceptance specified in the offer was not used.

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Definitions:

Banking Presence

The extent and availability of banking services and institutions within a particular area or region.

Credit Provided

The provision of funds or resources now with an agreement or expectation of repayment in the future, often with interest.

Agricultural Sector

A segment of an economy that deals with the production, processing, and distribution of agricultural products.

Withdrawal Needs

Pertains to the amount of money an individual requires to take out from savings or investments to meet their personal or financial obligations.