Ben writes to Phil offering to sell him a container of bicycles. In his letter of offer he states that he wants a written acceptance. Phil receives the letter and immediately telephones Ben to advise of his acceptance. Ben then withdraws his offer. Which of the follow statements is correct?Ben must sell Phil the bicycles because telephone is merely a faster form of communicating acceptanceBen must sell Phil the bicycles because he has accepted the offer unconditionallyBen is not required to sell Phil the bicycles because the acceptance was not in the prescribed mannerBen is not required to sell Phil the bicycles because his offer lacked the requisite legal intention

The offerer is the person who initiates the offer while the offeree is the person who has the option…

Answered: Ben writes to Phil offering to sell him…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Ben writes to Phil offering to sell him a container of bicycles. In his letter of offer he states that he wants a written acceptance. Phil receives the letter and immediately telephones Ben to advise of his acceptance. Ben then withdraws his offer. Which of the follow statements is correct?

Ben must sell Phil the bicycles because telephone is merely a faster form of communicating acceptance
Ben must sell Phil the bicycles because he has accepted the offer unconditionally
Ben is not required to sell Phil the bicycles because the acceptance was not in the prescribed manner
Ben is not required to sell Phil the bicycles because his offer lacked the requisite legal intention

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