Collector Cameron displays his beer can collection at the local swap meet. Jill sees the collection and is interested in buying it. Cameron says he will sell the collection for $1,500. Jill says she really likes the collection but is only willing to pay $1,000. Which of the following is correct?
a. Jill's offer is a firm offer. Cameron has an exclusive right to consider her offer for a reasonable period of time.
b. If Cameron rejects Jill's counteroffer, she can still accept Cameron's offer of $1,500.
c. Neither offer is valid. Who would ever pay $1,000 or $1,500 for a beer can collection?
d. Jill's counteroffer terminates Cameron's offer of $1,500.
Answer: D
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Business Law Chapter 11
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- If an offer does not specify a type of acceptance:
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