Laura offered to sell Louis a tract of land. The offer was complete and certain as to all material terms. The offer stated that a telegraphed acceptance was required. Within a reasonable time, Louis telephoned Laura to accept. Which of the following is a true statement about this situation? A) Louis can use promissory estoppel to enforce a contract here.
B) Louis's telephone call would be a good acceptance as this case involves a sale of goods.
C) Louis has not accepted and there is no contract.
D) Louis has accepted because a telephone call is a reasonable means of acceptance.

C) Louis has not accepted and there is no contract.

Explanation:

In this scenario, Laura offered to sell Louis a tract of land. The offer was complete and certain as to all material terms but the offer stated that a telegraphed acceptance was required. Within a reasonable time, Louis telephoned Laura to accept but this doesn't translate to acceptance because Louis has not done the needful to present or send a telegraphed acceptance.

Hence, in this situation, Louis has not accepted and there is no contract yet.

Under the Uniform Commercial Code (UCC), an offer has been accepted only when Louis (the offeree) performs the requisite act by Laura (the offerer).

In this case of selling a tract of land, a telegraphed acceptance is the authorized and authentic means of communication of acceptance.

Additionally, a Uniform Commercial Code (UCC) is a legal principle, regulations and standard set of laws for transactions of business between two or more parties.

answer; ///(c) i believe its it ignores cash flows following the payback period;

answer(c) factors of production;