Shamira Offered to Purchase Brendan's Automobile for $3,050 Cash, with Brendan

question 20

True/False

Shamira offered to purchase Brendan's automobile for $3,050 cash, with Brendan to deliver the vehicle the next Wednesday, at which time Shamira would pay the $3,050. On the Wednesday, when Brendan did not deliver, Shamira went to Brendan's home, and found him in his garden. Shamira offered Brendan the money, but Brendan refused, saying that he had changed his mind, and did not wish to sell his automobile. If Shamira had in her possession three $1,000 bills, and one $100 bill, her tender would be invalid, even though she had cash in excess of the amount requested.

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Definitions:

Employers

Organizations or individuals who hire others to perform services in exchange for compensation.

Independent Contractors

Individuals or entities hired to perform specific tasks or services for a company but are not considered employees of the company.

Exclusive Agency Contract

A binding agreement between a principal and an agent granting the agent the sole rights to act on the principal's behalf within a certain market area or for specified activities.

Principal

The initial amount of money invested or lent, excluding any interest or profit.