Canary Offers in Writing to Sell Her Ranch to Erik

question 51

Essay

Canary offers in writing to sell her ranch to Erik for $150,000. A week later, when Erik is about to mail his acceptance, Canary dies in an auto accident. Canary's heir informs Erik that she is no longer interested in selling the ranch. Erik decides to move to court, stating that the offer cannot be revoked since he had already accepted the offer and was about to mail it. Analyze the case and discuss what the court is likely to rule?

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Definitions:

Nominal

Refers to categorical data that can be categorized but not ranked or ordered in a meaningful way.

Level Of Measurement

The scale or type of data that determines the kind of statistical analysis that can be used.

Frequency Distribution

A representation, often in graphical form, showing the number of observations within each given interval.

Sample

A subset of individuals or observations selected from a larger population for the purpose of conducting a study.