T Offers to Sell a Camera to B for £120

question 8

Multiple Choice

T offers to sell a camera to B for £120, stating that this offer is to be taken as accepted if B does not indicate the contrary by 1 May. On 2 May, B replies: I wish to buy the camera for £100. T rejects this price. B then accepts the offer to sell for £120. At what point is a contract concluded, if at all?

• A) There is no contract between the parties.
• B) The offer was accepted on 1 May.
• C) B's reply on 2 May constitutes valid acceptance.
• D) B accepting the offer to sell for £120 constitutes valid acceptance.

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Definitions:

Binomially Distributed

A probability distribution of a variable that represents the number of successes in a fixed number of independent trials, with only two possible outcomes.

Random Variable

A random variable is a variable whose values are outcomes of a random phenomenon.

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A retail establishment specializing in the sale of sports equipment, outdoor gear, and related merchandise.

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