The following series of events occurred between Bull's Meat Market and The Butcher:?
May 1 - The Butcher faxes Bull's and offers to buy 200 lbs.of T-bone steak at $3.29 per lb.
May 2 - Bull's faxes back: "Price is okay.Payment prior to delivery."?Bull's and The Butcher:
A)have a contract on May 2 with the payment term.
B)have a contract on May 2 without the payment term.
C)do not have a contract.
D)none of the above

Question

Quizplus · Accepted Answer

Both parties have agreed to the terms of the sale: 200 lbs. of T-bone steak at $3.29 per lb. and payment being made prior to delivery. This constitutes a contract with a payment term specified.

The Following Series of Events Occurred Between Bull's Meat Market