Mary Bought a New Computer and Advertised Her Old Computer

question 114

Multiple Choice

Mary bought a new computer and advertised her old computer for $1500. Mr. Jones offered to pay $1000. Mary said no, she wanted $1500. Mr. Jones offered $1250. Mary rejected that and said she wanted $1500, but then said to him, "I withdraw my offer, I've decided to give it to a school and apply for the tax benefit." Mr. Jones said, "All right, I'll accept your offer of $1500." Which of the following is true?

• A) There is a contract because at some point in time Mary was willing to sell and Mr. Jones was willing to buy the computer system for $1500.
• B) There is no contract because the last offer had lapsed.
• C) There is no contract because Mary revoked the offer before Mr. Jones attempted to accept it.
• D) There is a contract, because once a seller makes an offer she cannot change her mind; she is bound to receive an acceptance.
• E) There is a contract and Mr. Jones has to pay a reasonable price for Mary's old computer.

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Definitions:

Spurious Relationship

A relationship between two variables that appears to have a direct correlation but is actually caused by changes in a third variable not apparent in the initial analysis.

Accidental

Occurring by chance or without intention, often resulting in unexpected outcomes or events.

Causal

Relating to or acting as a cause for something, implying a relationship where one event (the cause) directly effects another event (the effect).

Connected Relationship

A bond between individuals based on emotional closeness and mutual support, facilitated by communication and understanding.