Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sherri: "i'll pay you $300 if you cut down both tr

Sherri: "I'll pay you $300 if you cut down both trees in my back yard."...

60.1K

Verified Solution

Question

Accounting

Sherri: "I'll pay you $300 if you cut down both trees in my back yard."
Sam: "I'll do it for $375.
Sherri: "$325 and it's a deal."
Sam: "No way."
Sherri: "Too late. We have a contract."
How do you characterize Sherri's statement, "$325 and it's a deal."?
It is an acceptance.
It creates a void contract.
It is a counteroffer.
It creates a voidable contract.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Economics
1.2K views

explain how and why businesses or our government determine demand and supply curve to find equilibrium...

Biology
1.2K views

Which of the statements below accurately describes the relationship between photosyn thesis and cellular respiration...

Biology
1.2K views

What will be the chromosome structure of cells produced from a germ cell at the...

Basic Math
1.2K views

mointer in the figure is spun twice find the probability C

Calculus
1.2K views

Use the revenue and cost functions below, to answer parts (A), (B), and (C).R(x) =...

Algebra
1.2K views

Divide 36x 96x 48x by 12x 3x 8x 4 O 3x 8x 4 O 3x...

Accounting
1.2K views

Which security holders will get unfulfilled obligations of the non-installment of profits by the Company...

Accounting
1.2K views

Suppose you are risk averse with expected medical expenses of $900/per year. If a medical...

Finance
1.2K views

A 20-year bond with a coupon rate of 6.5%, semi-annual payments and a Face Value...

Accounting
1.2K views

TB MC Qu. 4-98 (Algo) Annenbaum Corporation uses the weighted... Annenbaum Corporation uses the weighted-average...

Accounting
1.2K views

Show Attempt History Current Attempt in Progress Lewis and Stark is a public accounting firm...

Accounting
1.2K views

Compare and contrast the roles of the internal auditor and independent auditor? What must the...