Person D wanted a custom-built recording studio in his home. He asked local contractors for bid submission. The lowest bid was of person A. They both discussed the type and quality of the material to be used. Person D asked for better quality of the material within the bid price. They also discussed the starting date for the construction work. Two weeks later, D changed his mind to carry out the plan and A filed a suit in response. To find: The possibility of the acceptance of the offer.

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Answer 1

Question

Chapter 12, Problem 2RE

Summary Introduction

Case summary: Person D wanted a custom-built recording studio in his home. He asked local contractors for bid submission. The lowest bid was of person A. They both discussed the type and quality of the material to be used. Person D asked for better quality of the material within the bid price. They also discussed the starting date for the construction work. Two weeks later, D changed his mind to carry out the plan and A filed a suit in response.

To find: The possibility of the acceptance of the offer.

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Answer 2

Question

Chapter 12, Problem 2RE

Summary Introduction

Case summary: Person D wanted a custom-built recording studio in his home. He asked local contractors for bid submission. The lowest bid was of person A. They both discussed the type and quality of the material to be used. Person D asked for better quality of the material within the bid price. They also discussed the starting date for the construction work. Two weeks later, D changed his mind to carry out the plan and A filed a suit in response.

To find: The possibility of the acceptance of the offer.

Expert Solution & Answer

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Answer 3

Question

Chapter 12, Problem 2RE

Summary Introduction

Case summary: Person D wanted a custom-built recording studio in his home. He asked local contractors for bid submission. The lowest bid was of person A. They both discussed the type and quality of the material to be used. Person D asked for better quality of the material within the bid price. They also discussed the starting date for the construction work. Two weeks later, D changed his mind to carry out the plan and A filed a suit in response.

To find: The possibility of the acceptance of the offer.

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Answer 4

Question

Chapter 12, Problem 2RE

Summary Introduction

Case summary: Person D wanted a custom-built recording studio in his home. He asked local contractors for bid submission. The lowest bid was of person A. They both discussed the type and quality of the material to be used. Person D asked for better quality of the material within the bid price. They also discussed the starting date for the construction work. Two weeks later, D changed his mind to carry out the plan and A filed a suit in response.

To find: The possibility of the acceptance of the offer.

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Answer 5

Chapter 12, Problem 2RE

Summary Introduction

Case summary: Person D wanted a custom-built recording studio in his home. He asked local contractors for bid submission. The lowest bid was of person A. They both discussed the type and quality of the material to be used. Person D asked for better quality of the material within the bid price. They also discussed the starting date for the construction work. Two weeks later, D changed his mind to carry out the plan and A filed a suit in response.

To find: The possibility of the acceptance of the offer.

Answer 6

Chapter 12, Problem 2RE

Summary Introduction

Case summary: Person D wanted a custom-built recording studio in his home. He asked local contractors for bid submission. The lowest bid was of person A. They both discussed the type and quality of the material to be used. Person D asked for better quality of the material within the bid price. They also discussed the starting date for the construction work. Two weeks later, D changed his mind to carry out the plan and A filed a suit in response.

To find: The possibility of the acceptance of the offer.

Answer 7

Chapter 12, Problem 2RE

Summary Introduction

Case summary: Person D wanted a custom-built recording studio in his home. He asked local contractors for bid submission. The lowest bid was of person A. They both discussed the type and quality of the material to be used. Person D asked for better quality of the material within the bid price. They also discussed the starting date for the construction work. Two weeks later, D changed his mind to carry out the plan and A filed a suit in response.

To find: The possibility of the acceptance of the offer.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 12 - Prob. 1RE Ch. 12 - Prob. 2RE Ch. 12 - Prob. 3RE Ch. 12 - Prob. 1IS Ch. 12 - Prob. 2IS Ch. 12 - Prob. 1BS Ch. 12 - Prob. 2BS Ch. 12 - Prob. 3BCP Ch. 12 - Prob. 4BCP Ch. 12 - Prob. 5BCP

Solution Summary: The author explains that acceptance can be achieved when an offeree agrees to the terms of the contract by providing consideration.

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Chapter 12 Solutions