56. A sales associate presents an owner with an offer for $175,000 on behalf of a buyer. The owner countered at $185,000. While the buyers are considering their response, the owner sends an email rescinding the counteroffer. Which of the following statements is correct? O There is no contract. O The seller has signed the counteroffer so it stands. The buyers are the only ones that can rescind the counteroffer. О The sales associate must be paid the full commission.

56. A sales associate presents an owner with an offer for $175,000 on behalf of a buyer. The owner countered at $185,000. While the buyers are considering their response, the owner sends an email rescinding the counteroffer. Which of the following statements is correct? O There is no contract. O The seller has signed the counteroffer so it stands. The buyers are the only ones that can rescind the counteroffer. О The sales associate must be paid the full commission.

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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