Final answer:
A signed, written offer made by Carmax to sell a '71 BMW is generally considered as a binding agreement. However, there are exceptions that may allow for revocation.
Step-by-step explanation:
According to contract law, a signed, written offer made by Carmax to sell a '71 BMW is generally considered as a binding agreement. Once an offer is accepted by the buyer, it creates a legally enforceable contract. However, there are certain circumstances where Carmax may still be able to revoke the offer:
- If the offer includes a specific condition that allows for revocation.
- If there is a mistake in the offer, such as a typographical error or a misrepresentation of the vehicle's condition.
- If there has been a material change in circumstances, such as the car being damaged or sold to someone else before acceptance.
Therefore, while a signed, written offer by Carmax is generally binding, there are exceptions that may allow for revocation.