Try this practice question to test your knowledge of offer revocation.
Sharon was in the market for a new bicycle. She saw an ad online for a nice used bike being sold by Barron who was looking to sell his old bike so he could upgrade to a new StreetRipper 1000. Sharon met with Barron at his house on Monday and he said the price is $150. Being the first bike she had seen, Sharon was hesitant to make the deal. She said, “Can I have some time to think about it?” to which Barron replied, “Yeah, no problem, I promise I will not sell the bike before Sunday.”
(A) Barron got a better offer on Tuesday and sold the bike to another buyer. Has Barron breached a contract?
(B) If instead of his response above, Barron had said, “This bad boy has had a lot of interest, I promise not to sell it before Sunday, but you need to give me $10 now to keep the offer open.” Sharon paid the $10 and Barron sold the bike to another buyer on Tuesday. Has Barron breached a contract?
(C) Sharon instead decided to go to a bike shop to buy her new bike. She looked at a nice RedGlider for $200 and spoke to the salesman, Rick, about it. Still unsure, Sharon left the bike shop without buying anything. That evening, Sharon emailed the bike shop and explained that she was interested in the bike, but needed more time to make a decision. Rick emailed her back and wrote, “It’s not a problem. Since you were interested, I promise to hold it for you until Sunday.” Another buyer came into the bike shop on Thursday and Rick sold them the RedGlider. Has Rick breached a contract?
Answer A
Answer B
Answer C
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