Zelda wants to sell her old red truck. In an effort to sell it quickly, Zelda mails a letter to her long- time pal Maude offering to sell the truck to Maude for $15.000. Three days after Zeida sends that letter to Maude. Zelda's boyfriend, Trevor, informs Zelda that the truck is actually worth $30.000 However, just minutes after Maude posts (ie.. puts in the mail) a letter with the postmaster accepting Zelda's offer, Zelda calls Maude telling her the new price for the old red truck is $30,000. Does Zelda have to uphold the deal and sell Maude the truck for $15,000? O No, the fair market value of the truck is $30,000 and that's what Maude must pay for it O No, Zelda doesn't have to sell to Maude at all, if she does not wish to do so.

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Zelda wants to sell her old red truck. In an effort to sell it quickly, Zelda mails a letter to her long
time pal Maude offering to sell the truck to Maude for $15.000. Three days after Zeida sends that
letter to Maude, Zelda's boyfriend, Trevor, informs Zelda that the truck is actually worth $30.000
However, just minutes after Maude posts (.e.. puts in the mail) a letter with the postmaster
accepting Zelda's offer, Zelda calis Maude telling her the new price for the old red truck is $30,000.
Does Zelda have to uphold the deal and sell Maude the truck for $15,000?
O No, the fair market value of the truck is $30,000 and that's what Maude must pay for it.
O No, Zelda doesn't have to sell to Maude at all, if she does not wish to do so.
O Yes, Zelda must sell the truck to Maude for $15,000.
OYes, Zelda must still sell the truck to Maude, but at a price greater than $15,000 but less than $30,000.
O No. Maude must split the difference in price with Zelda and pay $22.500 for the truck
Transcribed Image Text:Zelda wants to sell her old red truck. In an effort to sell it quickly, Zelda mails a letter to her long time pal Maude offering to sell the truck to Maude for $15.000. Three days after Zeida sends that letter to Maude, Zelda's boyfriend, Trevor, informs Zelda that the truck is actually worth $30.000 However, just minutes after Maude posts (.e.. puts in the mail) a letter with the postmaster accepting Zelda's offer, Zelda calis Maude telling her the new price for the old red truck is $30,000. Does Zelda have to uphold the deal and sell Maude the truck for $15,000? O No, the fair market value of the truck is $30,000 and that's what Maude must pay for it. O No, Zelda doesn't have to sell to Maude at all, if she does not wish to do so. O Yes, Zelda must sell the truck to Maude for $15,000. OYes, Zelda must still sell the truck to Maude, but at a price greater than $15,000 but less than $30,000. O No. Maude must split the difference in price with Zelda and pay $22.500 for the truck
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