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Johnny Offers to Sell His Car to Kyle for $70

question 56

Multiple Choice

Johnny offers to sell his car to Kyle for $70 000 and says that the offer is open for 5 days.Three days later Johnny tells Kyle that he has sold the car to Manny for $80 000.Which of the following is an option available to Kyle?

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Definitions:

Goods of the Kinds

Products or items that are characteristic of what is described in a contract, conforming to expectations based on trade and usage.

Machinery on Approval

A sales agreement condition where the buyer can return the machinery if it doesn't meet specified requirements or expectations.

Insolvent

A financial state in which an entity is unable to pay its debts as they come due.

Claims

Demands for something due or believed to be due, often used in the context of insurance or legal cases.

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