On Monday,Sam's Computer Company Wires Bob's Computer Mart,"I Have Two

question 145

Essay

On Monday,Sam's Computer Company wires Bob's Computer Mart,"I have two IBM XT's for sale for $1700 each.You pay cost of shipping." Bob received the offer on Monday afternoon and wired back,"You have a deal.30 days same as cash." On Tuesday morning Sam called to revoke the offer.On Tuesday afternoon Sam received the wire.Sam says there is no contract and Bob says there is.Who is correct?

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Definitions:

Demographic Transition Model

is a theory that describes the changes in birth rates, death rates, and population growth as a society progresses from a pre-industrial to an industrialized economic system.

Birth Rates

The amount of live births for every thousand individuals within a population annually.

Death Rates

The quantity of fatalities within a specific group, adjusted for its population size, over a given time period.

Age Structure

The distribution of a population by age, often visualized in a population pyramid, which helps in understanding population growth and decline dynamics.