Reference no: EM133272828

1. On September 1, seller, a drapery manufacturer, mailed a written and signed offer to buyer to sell 500 window drapes at $100 per drape. The offer stated that it would remain open for ten days and that it would not be withdrawn prior to that. Three days later, seller changed her mind and sent a letter via overnight mail revoking the offer. The revocation letter reached buyer on September 5. Buyer did not respond until September 9 when he sent a letter to seller accepting the original offer. Seller received that letter on September 14. Seller does not have to deliver the window drapes to buyer because she effectively revoked her offer before buyer accepted it.

A. True

B. False

2. Buyer and seller entered into a K for the sale of microwave ovens. Buyer needed them on a rush basis and told seller to send the microwave ovens right away and to bill the buyer later. Because the price of the microwave ovens was not agreed upon,

A. in the event of a dispute, a court will find that buyer and seller did not enter into a valid K.

B. in the event of a dispute, a court will find that the buyer and seller entered into a valid K.

C. in the event of a dispute, a court will find that the price will be a reasonable one based on the time and place of delivery.

D. both B and C above are correct.