Donald met Daisy at the Mall. Donald saw that Daisy had a brand new Apple tablet in her hand, he immediately told Daisy that he is interested in purchasing her tablet for $5000.00: Daisy responded in the following manner; • Daisy did not answer Donald and simply walked away. • Based on Donald’s original offer to purchase the tablet for $5,000, Daisy inquired from him, the method of payment for the tablet. • Daisy told Donald that she paid $10,000.00 for the Tablet and if he agrees to pay her that amount, she is willing to accept. Donald responded that he is only willing to pay $6,000. Advised Daisy on whether or not a valid agreement exists between Donald and her, pertaining to the three issues above. answer based on IRAC rule

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
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Donald met Daisy at the Mall. Donald saw that Daisy had a brand new Apple tablet in her hand, he immediately told Daisy that he is interested in purchasing her tablet for $5000.00: Daisy responded in the following manner; • Daisy did not answer Donald and simply walked away. • Based on Donald’s original offer to purchase the tablet for $5,000, Daisy inquired from him, the method of payment for the tablet. • Daisy told Donald that she paid $10,000.00 for the Tablet and if he agrees to pay her that amount, she is willing to accept. Donald responded that he is only willing to pay $6,000. Advised Daisy on whether or not a valid agreement exists between Donald and her, pertaining to the three issues above. answer based on IRAC rule

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