The Owner of a New Building Wanted Four Maple Trees,each

question 111

Multiple Choice

The owner of a new building wanted four maple trees,each six metres tall,planted on the north side of the building.Lloyd Landscaper submitted his offer of four six-metre maples planted for $800.The owner said he would pay $600 for that.Lloyd said that for $600 he would supply four smaller,five-metre trees.The owner said,"$600 for five-metre trees plus a Christmas tree for my kids." Lloyd was disgusted and said,"Forget it.I don't need this job." As he was leaving,the owner said,"All right,I'll accept your offer of $600 for the five-metre maples planted." Lloyd kept on walking.Which of the following is true?

• A)There is no contract because Lloyd's last offer had been rejected by a counter-offer.
• B)There is no contract because Lloyd's last offer was revoked.
• C)There is no contract because there is a presumption in law in these circumstances that the parties did not intend to create a legal relationship.
• D)There is no contract because Lloyd's last offer had lapsed after a reasonable time.
• E)There is a contract because at one point in the conversation Lloyd was willing to sell and the owner was willing to buy four trees.

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Definitions:

Dependent Variable

A variable in an experiment or study that is expected to change in response to changes in another variable, the independent variable.

Independent Variables

Variables in an experiment or regression which are manipulated or categorized to determine their effect on dependent variables.

Degrees of Freedom

Refers to the number of independent values or quantities which can be assigned to a statistical distribution.

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis, representing a threshold chosen to determine the significance of the test statistic.