On June 1,Edward Visited a Bicycle Sales and Service Center

question 53

Essay

On June 1,Edward visited a bicycle sales and service center.Edward spotted a used bike he liked and was told by the dealer that he could have the bike for $100 cash.Since Edward needed a few days to get the money,Edward got a signed,written statement by the dealer that Edward could buy the bike for $100 at anytime on or before June 15.On June 10 Edward came to the dealer with the money,but the bike had been sold to another customer.Was the dealer under any obligation to Edward to keep this offer open until June 15? Give legal reasoning for your answer.

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Definitions:

Concentration Gradient

A variation in the concentration of a substance across a distance, leading to the movement of particles from an area of high concentration to one of lower concentration.

Carrier Molecules

Proteins that facilitate the transport of substances across a cell membrane without modification of the transported substance.

Facilitated Diffusion

A transport process where molecules pass across cell membranes through protein channels without the expenditure of cellular energy.

Active Transport

The movement of substances across cell membranes against a concentration gradient, requiring energy expenditure by the cell.