ContractsOption_contracts_and_right_of_first_refusalEASY
Maya Morgan signs a written proposal to purchase the property for $490,000 and delivers it to the seller for consideration. What has Maya Morgan made?
Correct Answer
C) Offer
Offer is correct because the facts match a proposal showing a present intent to enter a contract on stated terms if accepted. That is the best description of the relationship, right, or legal concept tested here.
Answer Options
A
Specific performanceB
AcceptanceC
OfferD
Revocation of offerWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Contracts Question
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Background Knowledge for Contracts
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Real World Application in Contracts
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Related Topics & Key Terms
Key Terms:
option_contracts_and_right_of_first_refusalcontractsofferformation
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