. in 2016, carl made an offer to sell real estate to william for $500,000.00 which was near the fair market value for the real estate. the offer contained no deadline. in 2018, after the real estate boom market had caused the real estate's fair market value to go up to about $750,000.00, william accepted carl's offer. do carl and william have a valid contract? a. yes, because carl's offer contained no deadline. b. yes, because carl's offer was near the fair market value for the real estate at the time the offer was made. c. no, because carl's offer to sell real estate was required to be in writing. d. none of the above.

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04-11-2022
Business

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. in 2016, carl made an offer to sell real estate to william for $500,000.00 which was near the fair market value for the real estate. the offer contained no deadline. in 2018, after the real estate boom market had caused the real estate's fair market value to go up to about $750,000.00, william accepted carl's offer. do carl and william have a valid contract? a. yes, because carl's offer contained no deadline. b. yes, because carl's offer was near the fair market value for the real estate at the time the offer was made. c. no, because carl's offer to sell real estate was required to be in writing. d. none of the above.

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AarushiAanand AarushiAanand · Answer 1 · 2022-11-12T03:02:37-05:00

In 2016, carl made an offer to sell real estate to william for $500,000.00 which was near the fair market value for the real estate. The offer contained no deadline. In 2018, after the real estate boom market had caused the real estate's fair market value to go up to about $750,000.00, william accepted carl's offer

According to real estate, the answer is None of the above.

The fair market value for the real estate is the price at which a property would be traded between a willing buyer and a willing seller, and having reasonable knowledge of the relevant facts. The valid contract must have an offer, acceptance, consideration, mutuality of obligation, competency and capacity.

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