Final answer:
The communication of an offer to sell Card's stereo to Bend for $250 creates certain effects, including legal obligations and the potential formation of a contract.
Step-by-step explanation:
The communication of an offer to sell Card's stereo to Bend for $250 has certain effects. Let's go through them step by step:
- The communication of the offer creates a legal obligation on the part of Card to keep the offer open for acceptance for a reasonable period of time, unless specified otherwise. This means that Card cannot revoke the offer immediately after communicating it.
- The communication of the offer also creates an opportunity for Bend to accept it. Bend can accept the offer by communicating their acceptance to Card.
- If Bend accepts the offer, a legally binding contract will be formed between Card and Bend. Both parties will be obligated to fulfill their obligations as per the terms of the contract.
It's important to note that an offer is different from an invitation to treat. An invitation to treat is merely an invitation for others to make an offer, whereas an offer is a definite proposal made with an intention to be bound by it.
]