Simon Owns 10 000 Shares in ABC Inc

question 5

True/False

Simon owns 10 000 shares in ABC Inc.He wanted to sell half of them in order to raise $20 000 in cash.He therefore wrote separate letters to Bronwyn and Gwyneth on June 1.In each case he said, "I will sell 5000 shares in ABC Inc to you for $20 000.Please respond by any reasonable means within one week." Bronwyn replied on June 3 with a letter that said: "I accept your offer." Simon received that letter on June 5.On June 6, he received a fax from Gwyneth that said, "I accept your offer." Simon then informed Gwyneth by telephone that he had already sold the shares to Bronwyn.In that situation, there is no contract between Simon and Gwyneth.

---

Definitions:

Chemotherapy

A method of treating cancer that involves administering one or more chemotherapy drugs according to a specific, standardized protocol.

Immune Response

The body's defense mechanism against foreign substances or pathogens, involving various cells and proteins.

IgE Antibodies

Antibodies produced by the immune system that play a key role in allergic reactions.

Allergy

An immune system reaction to foreign substances (allergens) that are usually harmless to most people, leading to various symptoms.