Mary Bought a New Macintosh Computer and Advertised Her Old

question 26

Multiple Choice

Mary bought a new Macintosh computer and advertised her old computer system for sale for $1500.Mr.Jones offered to pay $1000.Mary said no,that she wanted $1500.Mr.Jones offered $1250.Mary rejected that offer and said she wanted $1500,but then said,"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 and Mr.Jones has to pay a reasonable price for Mary's old computer.
• B)There is a contract,because once a seller makes an offer she cannot change her mind; she is bound to receive an acceptance.
• C)There is no contract because Mary revoked the offer before Mr.Jones attempted to accept it.
• D)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.
• E)There is no contract because the last offer had lapsed.

---

Definitions:

Real Incomes

The purchasing power of an individual's or group's income, considering the effects of inflation on buying power.

Life Shortening Diseases

Conditions or illnesses that have the potential to reduce the lifespan of an individual.

Average Earnings

The mean income calculated by dividing the total income of a group by the number of individuals or instances in that group.

Life Expectancy

An average estimate of how long a person or organism is expected to live, based on factors such as genetics, lifestyle, and healthcare accessibility.