Mike Responds to Flavio's Statement That He Would Like to Buy

question 13

Multiple Choice

Mike responds to Flavio's statement that he would like to buy Mike's motorbike for $3,000 by saying that he would want $4,000,given the work he has put into it.Flavio says OK.I'll give you that.Here's $2,000,and I'll give a promissory note for the balance payable at $500 a month for the next 4 months."
1) There is a contract.
2) There is no contract.
3) Flavio's first statement to Mike was an invitation to do business.
4) Mike's response was a counter offer.
5) Flavio's final statement to Mike was an acceptance.

• A)1 and 3.
• B)1,3 and 4.
• C)1,3,4 and 5.
• D)2.
• E)2 and 4.

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Definitions:

Face-To-Face Delivery

The process of presenting information or communicating directly with another person in the same physical space.

Nonverbal Cues

Communication methods not involving words, such as gestures, body language, and facial expressions, that convey meaning.

Immediate Feedback

Rapid response or evaluation provided soon after an action or process, crucial for learning and improvement.

Inductive Approach

A method of reasoning in which general principles are derived from specific observations.