This question is based on the following fact pattern . . .10/1/03 Marge mails Lisa an offer to sell her a car for $25,00010/5/03 at 10 am, Marge sends Lisa a letter by certified mail and attempts to revoke her offer of 10/110/5/03 at 10:30 am, Lisa mails her acceptance of Marge's 10/1 offer10/5/03. at 11 am, Lisa receives Marge's 10/5 revocation10/5/03 at 11:30 am, Marge receives Lisa's acceptanceQuestion:Under the UCC, there is a contract since Lisa's acceptance is reasonable and therefore good upon dispatch.Group of answer choicesTrueFalse

Which of the following is true?Group of answer choicesAn offer that is silent about its duration, never expiresAn offer that is silent about its duration always expires in 3 days.None of these are trueAn unaccepted offer may not be revoked unless the offeree agrees to the revocation

D made an offer to B for the purchase of his car. B accepted the offer on 1st May 2023. The acceptance reached D on 4th May 2023. On 3rd May, B revoked his acceptance in electronic form by the form of an email. Now D is not willing to accept the revocation as the same was made in electronic form. Decide whether the revocation is valid?a)  The revocation is invalid in the given case.b)  The revocation is invalid in the given case as the acceptance has not reached D yet.c)  The revocation is valid in the given case.d)  Both (a) and (b)

Revocation of an offer is not good until receipt.Group of answer choicesTrueFalse

On May 14th, Christina mailed Britney an offer, which was "good until May 24th." Britney mailed Christina an acceptance on May 18th. In this case…Group of answer choicesThere is a contract even if Christina called Britney on May 17th and revoked the offerThere is a contract only if Christina receives the acceptance before May 24thThere is no contract if Christina calls Britney on May 19th and tries to revoke the offerThere is a contract even if Christina does not receive Britney's acceptance

Typically, revocations and rejections are good upon dispatch, and acceptances are good upon receipt.Group of answer choicesTrueFalse