Question

"Ross is selling a coffee-making machine. He sends Neal an email, offering to sell it for $300. Neal immediately emails back, offering to buy the item for $250. He hears nothing from Ross, so an hour later, Neal goes to Ross's house and learns that he sold it to Colin for $200. Neal Sues.

What is the legal term for an offer to buy or sell something?

(A) Contract
(B) Offer
(C) Acceptance
(D) Consideration

Answer 1

The legal term for an offer to buy or sell something is (B) Offer.

Step-by-step explanation:

The legal term for an offer to buy or sell something is (B) Offer. In this scenario, Ross sent an email to Neal offering to sell the coffee-making machine for $300. Neal responded with his offer of $250. Although this offer was not accepted by Ross, it still qualifies as a valid offer in a legal sense.