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Alpha Company offers to sell Beta, Inc., 1,000 computers for a $1 million, states that the offer will be open for six days, and asks for a response by fax. On the fourth day, Beta sends an acceptance to Alpha via the mail, which is received on the sixth day. In this deal:

a. a contract is formed.

b. no contract is formed, because Alpha asked for a response by fax.

c. no contract is formed, because Alpha received the acceptance late.

d. no contract is formed, because Beta sent the acceptance late.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M944492

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