Question

Mary bought a new Macintosh computer and advertised her old computer system for sale for $1500. Mr. Jones offered to pay $1000. Mary said no, that she wanted $1500. Mr. Jones offered $1250. Mary rejected that offer and said she wanted $1500, but then said, "I withdraw my offer, I've decided to give it to a school and apply for the tax benefit." Mr. Jones said, "All right, I'll accept your offer of $1500." Which of the following is true?

A) There is a contract and Mr. Jones has to pay a reasonable price for Mary's old computer.
B) There is a contract, because once a seller makes an offer she cannot change her mind; she is bound to receive an acceptance.
C) There is no contract because Mary revoked the offer before Mr. Jones attempted to accept it.
D) There is a contract because at some point in time Mary was willing to sell and Mr. Jones was willing to buy the computer system for $1500.
E) There is no contract because the last offer had lapsed.

Answer 1

There is a contract because at some point in time Mary was willing to sell and Mr. Jones was willing to buy the computer system for $1500.

Step-by-step explanation:

The correct answer is D) There is a contract because at some point in time Mary was willing to sell and Mr. Jones was willing to buy the computer system for $1500.

In this scenario, Mary initially advertised her old computer system for sale for $1500. Although Mr. Jones offered a lower price, Mary rejected his offers and held firm on her asking price. Despite her initial withdrawal of the offer, Mr. Jones accepted her final offer of $1500. This sequence of events demonstrates that both parties intended to enter into a contract for the sale of the computer system at the agreed-upon price.