Loiselle wrote an email offering to sell his used I-Phone to Barney for $300. Which of the following statements is correct in regards to the effect of the offer communicated?
A. If Barney accepts the offer, Loiselle will be obligated to sell the I-Phone to Barney.
B. Barney must accept the offer in writing due to the Statute of Frauds.
C. The offer is not revocable if it is a signed in writing and is an offer to sell goods.
D. Barney may accept the offer until the offer is explicitly withdrawn by Loiselle.
Answer:A
Loiselle wrote an email offering to sell his used I-Phone to Barney for $300. Which of the following statements is correct in regards to the effect of the offer communicated?
A. If Barney accepts the offer, Loiselle will be obligated to sell the I-Phone to Barney. B. Barney must accept the offer in writing due to the Statute of Frauds. C. The offer is not revocable if it is a signed in writing and is an offer to sell goods. D. Barney may accept the offer until the offer is explicitly withdrawn by Loiselle.