Bob Hunter,a Merchant,makes an Offer to Linda,another Merchant,to Buy 1,000

question 37

Multiple Choice

Bob Hunter,a merchant,makes an offer to Linda,another merchant,to buy 1,000 of her widgets in a signed letter containing all necessary terms of the offer.The letter states that Hunter will keep the offer open for three weeks from the day the offeree receives it.One week later,Hunter writes Linda another letter attempting to revoke his offer.Linda writes Hunter a letter accepting Hunter's original offer before she receives his revocation.What is the result?

• A)Linda's acceptance is effective and a contract is created.
• B)Hunter's revocation is effective and no contract is created.
• C)Promissory estoppel prevents the formation of a contract in this situation.
• D)Since it is an option offer,it cannot be revoked.

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Definitions:

Skin Color

The pigmentation of the skin, which varies widely among individuals and is primarily determined by genetic inheritance and exposure to sunlight.

Groupthink

An occurrence in group settings where the preference for consensus or uniformity culminates in nonsensical or ineffective choices.

Harmony

A state of agreement or concord, often used in the context of music to describe the pleasing arrangement of parts, but also applicable to social and interpersonal situations.

Decision-making

The cognitive process of selecting a course of action among several alternatives to achieve a desired outcome.