J is a foreigner. He is in great need for a car. He saw the ad of P for a Honda Civic. J went to the shop of P. He insisted that he will buy the car for $100. P refused because he has difficulty of going to town to exchange the dollar to peso. Who among J and P has a better right? A. J has a better right because he is the buyer B. J has a better right because he has already accepted the offer of P to sell the car. C. P has a better right because he can impose all the conditions that he want. D. P has a better right because he cannot be compelled to receive a foreign currency.
J is a foreigner. He is in great need for a car. He saw the ad of P for a Honda Civic. J went to the shop of P. He insisted that he will buy the car for $100. P refused because he has difficulty of going to town to exchange the dollar to peso. Who among J and P has a better right? A. J has a better right because he is the buyer B. J has a better right because he has already accepted the offer of P to sell the car. C. P has a better right because he can impose all the conditions that he want. D. P has a better right because he cannot be compelled to receive a foreign currency.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
J is a foreigner. He is in great need for a car. He saw the ad of P for a Honda Civic. J went to the shop of P. He insisted that he will buy the car for $100. P refused because he has difficulty of going to town to exchange the dollar to peso. Who among J and P has a better right?
A. J has a better right because he is the buyer
B. J has a better right because he has already accepted the offer of P to sell the car.
C. P has a better right because he can impose all the conditions that he want.
D. P has a better right because he cannot be compelled to receive a foreign currency.
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