Multiple Choice
Fact pattern 7-1
Prudence offered to sell her car to Danny for $3,000.Danny was not sure what to do,so he asked Prudence if she would hold the offer open for him for one week for $50.Prudence said sure.Meanwhile,the next day,Bobby offered Prudence $3,500 for the car,and Prudence sold it to him on the spot.When Danny came to pick up the car the next day,it was gone.Prudence gave Danny his $50 back and told him that was her only obligation and that if he had any complaints,he could take it up with Bobby.Danny found a similar car the next week for $3,500 and purchased it.
-Refer to fact pattern 7-1.Did Danny have any type of contract with Prudence,and if so what type?
A) Danny did not have any type of contract with Prudence.
B) Danny had an option contract with prudence.
C) Danny had a hold contract with prudence.
D) Danny had a conditional contract with Prudence.
Correct Answer:
Verified
Correct Answer:
Verified
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