Wessam Offers to Sell Ivan a Bicycle for $100

question 13

Multiple Choice

Wessam offers to sell Ivan a bicycle for $100. Ivan asks to think about it for a couple days. The next day, Wessam tells him that she has increased the price to $150. Wessam has

• A) made a counter offer.
• B) allowed a reasonable time to lapse.
• C) lost her capacity to enter into a contract.
• D) revoked her original offer.
• E) rejected the offer.

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Definitions:

Sodium/Potassium Pump

A membrane protein that moves sodium ions out of cells and potassium ions into cells against their concentration gradients, essential for cellular function.

Pinocytosis

Process by which vesicle formation brings macromolecules into the cell.

Exocytosis

Process in which an intracellular vesicle fuses with the plasma membrane so that the vesicle’s contents are released outside the cell.

Endocytosis

Process by which substances are moved into the cell from the environment; includes phagocytosis, pinocytosis, and receptor-mediated endocytosis.