Franz Bought a Round-Trip Ticket to Germany to Visit Relatives

question 109

Multiple Choice

Franz bought a round-trip ticket to Germany to visit relatives. Unfortunately, a week before flight time, he broke his leg. He offered his co-worker, Joe, the ticket for 80% of the full price, offer to remain open until 10:00 p.m. on December 15. Indicate to Joe which of the following is true with regard to the law of offer and acceptance.

• A) If Franz sells to someone else, it is too late for Joe to accept the original offer.
• B) Franz could revoke the offer any time before acceptance, even before 10:00 p.m. on December 15.
• C) To create a contract, an offer must be in writing.
• D) A letter of acceptance is always effective when it is dropped in the mailbox.
• E) If Joe makes a counteroffer of 50% of the full price, and Franz rejects the counteroffer, Joe can still accept the original offer.

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Definitions:

Cystic Fibrosis

A genetic disorder affecting the lungs and digestive system, characterized by thick, sticky mucus that can lead to severe respiratory and gastrointestinal issues.

Inherited

Acquired from a predecessor, such as traits, money, or property, passed down through familial lines.

Degenerative Brain Disorder

A condition that results in the gradual deterioration of brain function, affecting memory, thinking, language, and judgement.

Huntington's Disease

A genetic disorder causing the progressive breakdown of nerve cells in the brain, affecting movement, cognition, and leading to psychiatric disorders.