Susan offered to sell her bicycle to Bruce for $150. Bruce said that $150 was to

Question

Susan offered to sell her bicycle to Bruce for $150. Bruce said that $150 was too much, but that he would
give her $100. Susan said no. Then, Bruce said that he would pay Susan the entire $150. Which of the
following statements best describes this situation? Check all that apply.

- Bruce's statement that he would give Susan $100 operated as a rejection of Susan's original offer.
- Susan has effectively revoked her offer.
- Bruce's statement that he would give Susan $100 operated as an offer by Bruce.
- Bruce has effectively accepted Susan's original offer

Explanation / Answer

The first option is correct. Bruce rejected the offer firs and made a counter offer.

Option B is not correct. Revocation of offer means the offer is denied and not further offer can be made.

Option 2 is correct as it is a counter offer.

Option 4 is correct because Bruce has effectively accepted Susan's original offer and showed his willingness to pay $150.

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