Asked by Haneen Hmedat on Jul 26, 2024
Verified
If GA Stereos sends a fax to Wholesale HiFi Equipment ordering ten car stereos at a particular catalogue price, requesting delivery by courier (or some other means), the fax would not constitute an offer to purchase.
Catalogue Price
The price of items as listed in a catalogue, often suggesting retail pricing before any discounts.
Offer to Purchase
A formal proposal to buy a property or asset, typically including terms and price.
- Differentiate between proposals and solicitations to negotiate.
Verified Answer
RP
Regina PellegrinoJul 31, 2024
Final Answer :
False
Explanation :
The fax sent by GA Stereos to Wholesale HiFi Equipment detailing the quantity, price, and requested delivery method constitutes an offer to purchase. This is because it clearly indicates the intention to enter into a contract under specified terms.
Learning Objectives
- Differentiate between proposals and solicitations to negotiate.