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Q. On April 14, 1994, Bill Shaw, retired policeman, offered to sell Thurgood his 1965 Mustang convertible for= $1,000. Thur good responded, "That is a ridiculous price for a 30 year old car - forget it!" Later, Thurgood told friend about offer, also friend tells him car is worth at least $3,500. Thurgood immediately telephones Shaw also says, "I have reconsidered also I accept your offer." Shaw says, "Forget it. The price is now= $3,500." If Thurgood prosecutes Shaw for breaking of contract, will he be winning?
NHS Co. issued $350,000 of 10-year bonds payable on January 1. NHS pays interest each January 1 and July 1 and amortizes any discount or premium by the straight-line method. NHS issued the bonds at a price of $430,000 when the market rate was belo..
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