Max Owns a Van Gogh Painting

question 17

Multiple Choice

Max owns a Van Gogh painting.Nigel wants to know if he will sell it and sends Max an email asking for the price of the painting.Max immediately responds by saying that Nigel can have the painting for $4 million and that the painting will be shipped to Nigel's residence in 4 days.Which of the following is true?

• A)Max has accepted Nigel's offer.
• B)There is no contract.Nigel was merely requesting information.
• C)Nigel has accepted Max's offer.
• D)Max and Nigel have entered into a binding contract.

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Definitions:

Sinister Attribution Bias

The tendency for people to perceive more malevolence in the actions or intentions of others than is actually present.

E-Mail Negotiations

The process of conducting negotiation discussions through email, which allows for asynchronous communication but may lack the nuances of in-person or voice-based negotiations.

BATNA

Best Alternative To a Negotiated Agreement; the most advantageous course of action a party can take if negotiations fail and an agreement cannot be reached.

Negotiation

The process by which individuals or groups attempt to reach an agreement on matters of mutual interest.