Laura Riding Offered to Sell Louis Zukofsky a Tract of Land.The

question 28

Multiple Choice

Laura Riding offered to sell Louis Zukofsky a tract of land.The offer was complete and certain as to all material terms.The offer stated that a telegraphed acceptance was required.Within a reasonable time,Louis telephoned Laura to accept.Which is a true statement about this situation?

• A)Louis can use promissory estoppel to enforce a contract here.
• B)As this case involved a sale of goods,Louis's telephone call would be a good acceptance.
• C)Louis has not accepted and there is no contract.
• D)Louis has accepted because a telephone call is a reasonable means of acceptance.

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Definitions:

Limited Liability

This is a legal structure that protects business owners' personal assets from being used to pay off business debts and liabilities.

Financial Information

Data related to the financial status of a company, including income statements, balance sheets, and cash flow statements.

Decision

The process of making choices or identifying a course of action from several alternatives, often based on information or data analysis.

Relevant

Pertinent or related to the matter at hand, especially in the context of decision-making.