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This question deals with written acceptance of a contract. Alpha Oil has a written selling price of $35 so that is all that Zeno has to pay. If this contract had been a current market price contract, which states the prices are determined by reference to the market price on a specified date, then Zeno would be required to pay the $40. However, since the $35 was in writing and it did not specify a certain amount of time to respond, Zeno only has to pay $35 per barrel of oil.
4. This question deals with offer, acceptance, and written contracts. First, Melinda should have the land owner write her a specific contract stating that she has the full two months to make the payment...
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