35. John owns a thoroughbred horse named Prince Charming that just ran in the Ke

Question

35. John owns a thoroughbred horse named Prince Charming that just ran in the Kentucky Derby. Prince Charming came in last, much to John's frustration and embarrassment. John exclaims in a loud voice, "I'm selling that horse to the first person who hands me $10.00 bucks!" John has: a. made an offer to anyone within hearing distance and will be bound by his offer to the first person who produces $10.00. b. c. made a firm offer and will be bound by his offer for a reasonable period of time. made an acceptance to the first person who can produce $10.00. not made an offer because under the circumstances a reasonable person would not conclude that John had intent to make an offer. 36. On Monday morning, Mandy faxes her offer to Erik. On Monday afternoon, Erik writes, "I accept' on the f Tuesday morning, Erik mails his acceptance. On Tuesday afternoon, Mandy faxes Erik a revocation of the offer. O Thursday morning, Erik's acceptance letter arrives at Mandy's office. a. the offer was revoked when the revocation was faxed because it was sent before the acceptance arrived at Mandy's office the offer was revoked when the revocation was received by Erik because it arrived before the acceptance an at Mandy's office / · the contract became valid when Erik mailed the acceptance . the contract became valid when Erik wrote, "I accept" on the fax

Explanation / Answer

35) d) not made an offer because under the circumstances a reasonable person would not conclude that John had intent to make an offer.

36) b) the offer was revoked when the revocation was received by Erik because it arrived before the acceptance at Mandy's office

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