Jerry Montray Is Negotiating with Pamela Barnes for the Purchase

question 56

Multiple Choice

Jerry Montray is negotiating with Pamela Barnes for the purchase of her mountain bike. The following conversation has taken place: Jerry: "I will buy your mountain bike for $375.00."
Pamela: "I will sell it to you."
Jerry: "Good. The tire pump is included."
Which of the following statements is true?

• A)Jerry and Pamela have a contract for the bike at $375.00.
• B)Jerry and Pamela do not have a contract for the bike at $375.00.
• C)Jerry and Pamela have a contract for the bike at $375.00 with the tire pump.
• D)None of the above

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Definitions:

Minimum Acceptable

The lowest standard or quality that is considered satisfactory for a specific purpose.

Connector Division

A segment within a company or industry focused on the development, production, or distribution of connectors or interconnection solutions.

Outside Customers

Individuals or entities that are external to the organization and purchase its products or services, as opposed to internal stakeholders.

Idle Capacity

The portion of a company's resources or equipment that is not currently in use or producing goods, often leading to inefficiency and increased costs.