Collector Carl displays his beer can collection at the local swap meet. Mary sees the collection and is interested in buying it. Carl says he will sell the collection for $1,500. Mary says she really likes the collection but is only willing to pay $1,000. Which of the following is correct?
a.
Mary's offer is an option contract and she cannot revoke the offer.
b.
Mary's counteroffer terminates Carl's offer of $1,500.
c.
Neither offer is valid. Who would ever pay $1,000 or $1,500 for a beer can collection?
d.
If Carl rejects Mary's counteroffer, she can still accept Carl's offer of $1,500.

Respuesta :

Answer:

Mary's counteroffer terminates Carl's offer of $1,500

Explanation:

given data

Carl sell collection = $1,500

Mary willing to pay  = $1,000

to find out

Which statement is correct

solution

we know here as Carl will sell collection for $1,500 but

Mary offer is less than that of carl's sell i.e  only $1,000

so its $500 extra charges

so we can say correct option is

that Mary's counteroffer terminates Carl's offer of $1,500