According to rule of contract formation, which of the following is a valid acceptance?
A . The person orally agrees to pay the offered price
B. The person states that she is able to pay the offered price
C. The person asks for a lower price
D. The person says that she will think about it overnight
Answer: A
Explanation:
Once a valid acceptance takes place, a binding contract is formed. It is therefore important to know what constitutes a valid acceptance in order to establish if the parties are bound by the agreement. There are three main rules relating to acceptance:
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