Sue Offers to Buy a House from John and They

question 53

Multiple Choice

Sue offers to buy a house from John and they were negotiating the price of the house.In the meantime,Sue confides in John's wife that she is willing to pay an amount of $50,000 for the house.Delighted to hear this,John's wife tells John the good news.John immediately calls Sue and accepts her offer.Is there a binding contract?

• A)Yes,because there is valid consideration.
• B)Yes,because a third party has communicated the terms of Sue's offer to John and John accepted the same.
• C)No,because the offeror did not communicate the terms of the offer to the offeree.
• D)No,because the contract is still not signed by both the parties.

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Definitions:

Nutritional Resources

Sources of nourishment that provide organisms with the necessary energy and materials for growth, development, and maintenance.

Caterpillars

The larval stage of butterflies and moths, during which they often feed voraciously before undergoing metamorphosis into adults.

Phylogenetic Species Concept

The phylogenetic species concept is the idea that species are the smallest possible groups whose members are descended from a common ancestor and who all possess defining or derived characteristics that distinguish them from other such groups.

Biological Species Concept

Holds that species are groups of actually (or potentially) interbreeding natural populations that are reproductively isolated from other such groups.