Seller says to BuyerBob: “I’ll sell you my bicycle for $400.” Buyer Bob says: “Great,but I can only pay you
$200 now. I’ll pay you the other $200 next Friday and pick up thebicycle then.” Seller responds: “Well, I
wouldn’t do this for everyone, but since I know you’re a man ofyour word, Bob, I’ll take that deal.” Buyer
Bob and Seller shake hands to show their agreement. Which of thefollowing statements is true:
– If Seller can find adifferent buyer who will pay him $400 all in cash, he can revokehis offer to – Buyer Bob.
– Seller and Buyer have entered
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