On May 1, Mary Merchant, the owner of an art gallery had the…
On May 1, Mary Merchant, the owner of an art gallery had the following verbal telephone conversation with Customer Charlotte: Mary Merchant: “I have a painting that I will sell to you for $30,000.” Customer Charlotte: “I can’t consider it until July 31.” Mary Merchant: “Ok, I will hold this offer open for you until August 15.” Mary Merchant and Customer Charlotte hung up the phone. At that moment, which ONE of the following best describes the legal rights of Mary Merchant and/or Customer Charlotte regarding the sale of the painting?
Read Details