Question 4Merry has decided to open a Canine Café where patrons can enjoy delicious baked goods while also petting and playing with puppies that are eligible foradoption. After searching the real estate listings, Merry has found a building that she is interested in purchasing and contacts the owner of the property. OnMay 1, Owner sends an email offering to sell the building to Merry for $300,000 and says she needs a decision no later than May 30 Merry conferma inan email that she will be able to decide by that date but needs to be sure she can get the required permits from the city and a bank loan. Which statement isFALSE?O Owner can revoke the offer prior to May 30thIf Merry had paid $1,000 to Owner to keep the offer available until May 30, and Owner agreed to this term, then Owner could not revoke the offer untiMay 30th.If Merry mailed an acceptance on May 30th, she would have made a valid contract to purchase the buildingOwner cannot revoke the offer prior to the May 30 date because her email was the equivalent of having the offer in writing, making it imevocable

Name: Question 4Merry has decided to open a Canine Café where patrons can e
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Description: Question 4Merry has decided to open a Canine Café where patrons can enjoy delicious baked goods while also petting and playing with puppies that are eligible foradoption. After searching the real estate listings, Merry has found a building that she

Contract refers to the promise which is enforceable through law and it is a binding agreement among…

Business

Accounting

open a Canine Calé where patrons can enjoy delicious baked goo ing the real estate listings, Merry has found a building that she is an email offering to sell the building to Merry for $300.000 and sa pe able to decide by that date but needs to be sure she can get the the offer prior to May 30. 1,000 to Owner to keep the offer available unti May 30, and Ow

open a Canine Calé where patrons can enjoy delicious baked goo ing the real estate listings, Merry has found a building that she is an email offering to sell the building to Merry for $300.000 and sa pe able to decide by that date but needs to be sure she can get the the offer prior to May 30. 1,000 to Owner to keep the offer available unti May 30, and Ow

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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