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Question
Booksellers, Inc. agrees in writing to hold an offer open to Smallville City Library, the selling of 20,000 books at $5 each. Booksellers specifically mentions that Smallville has 60 days to accept this offer. However, before the 60 days have passed, Booksellers sells all the books to Universal Library for $7 each. Which of the following is true of this situation?
A. Smallville cannot file a legal claim since an offer may be revoked prior to acceptance.
B. Smallville can file a legal claim since Booksellers have revoked a firm offer.
C. Smallville had not paid any of the purchase prices and hence cannot file a lawsuit.
D. Smallville can bring a lawsuit since Booksellers engaged in bait-and-switch tactics.
Answer
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