Busy Corp Sent a Letter on January 12^th to Slow Co

question 1

Multiple Choice

Busy Corp. sent a letter on January 12^th to Slow Co. offering to sell its main office building for $250,000, stating that its offer was open only until January 20^th, and it must have a response from Slow Co. by then. Slow Co. received the letter on January 14^th and prepared a letter of acceptance on that day but had not posted it. The next morning Busy Corp. called and said that it had changed its mind and was withdrawing its offer.

• A) There was a contract as soon as Slow Co. wrote the letter of acceptance and the revocation is too late.
• B) Since the revocation was made by telephone and the offer was made by letter, the revocation is not effective.
• C) The revocation was effective because it was communicated to Slow Co. before the acceptance was sent.
• D) The revocation was effective because it was communicated to Slow Co. before the acceptance was received by Busy Corp.
• E) All of the above are false.

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Definitions:

Behavior

The behaviors exhibited by an organism, typically as a response to its surroundings, which may be inherent or acquired.

Fossilized Life

The remains or imprint of organisms from the past that have been preserved in geological formations.

Dictyostelium Discoides

A species of slime mold that is often used in scientific research as a model organism for studying cellular processes and development.

Cellular Slime Mold

A type of single-celled organism that can aggregate to form multicellular structures under certain conditions, often used in studies of development and cell signaling.