Wes,who Is an Art Collector,offered to Buy a Print from Le

question 75

Multiple Choice

Wes,who is an art collector,offered to buy a print from Le Monde Gallery.Le Monde balked at the price,sending Wes a letter of rejection.That day it discovered that the print was not as highly valued as originally thought.Le Monde immediately telephoned Wes to accept his offer.Is there a contract?

• A) Yes,since the acceptance was received before the rejection
• B) No,because the rejection was effective upon dispatch
• C) No,because the rejection terminated the offer
• D) Yes,because the acceptance is always effective upon dispatch

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Definitions:

Aristotle

Ancient Greek philosopher and scientist, a student of Plato and teacher of Alexander the Great, known for his writings on physics, metaphysics, poetry, theater, music, logic, rhetoric, linguistics, politics, government, ethics, biology, and zoology.

Quandary Ethics

A framework for addressing ethical decisions that present a significant conflict of principles or values, leading to uncertainty on the right course of action.

Golden Mean

In philosophy, particularly Aristotelian ethics, the desirable middle between two extremes, one of excess and the other of deficiency.

Principle

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.