On April 1,2008,Joe Received a Telegram from Adam Offering to Build

question 48

Multiple Choice

On April 1,2008,Joe received a telegram from Adam offering to build Joe a resort cottage for $100,000.On April 5,2008,at 10:00 AM,Adam sends Joe a telegram attempting to revoke the offer.At 11:00 AM on the same day,Joe sends Adam an e-mail attempting to accept the offer.At 11:30 AM,Joe receives Adam's revocation.Assume Adam's offer was silent on the question of what means Joe could use to accept.Which of the following is true when the offeror impliedly authorizes acceptance by any reasonable means?

• A)the parties would not have a contract because the impliedly authorized means of communication was a telegram.
• B)the parties may have a contract if the court concludes that mail was a reasonable way for Joe to accept Adam's offer.
• C)the parties would not have a contract because Joe did not use the means impliedly authorized by trade usage.
• D)the parties may have a contract if Adam reads the acceptance e-mail before the revocation reaches Joe.

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Definitions:

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, acute deflation, and distress in industrialized countries.

Unequal Distribution of Wealth

A situation where economic resources and wealth are not shared equally among individuals or groups within a society, leading to disparities in living standards and opportunities.

Government Aid

Financial or other assistance provided by a government to individuals, organizations, or other governments in need, which may include subsidies, grants, or disaster relief.

Unemployed

The condition of not having employment while being ready to work.