Constance asks Kathy if Kathy will sell her used business book for $50. What is the status of the negotiation? Question 1

Constance asks Kathy if Kathy will sell her used business book for $50. What is the status of the negotiation?
Question 1

Constance asks Kathy if Kathy will sell her used business book for $50. What is the status of the negotiation?
No offer has been made.
An offer has been made, but it may be revoked.
An offer has been made that may not be revoked.
A contract has been entered into.
A contract has been entered into, but it may be set-aside at the option of either party.
4 points

Question 2

Which of the following is FALSE regarding rights of an assignee and assignor?
Assignees essentially fill in for the assignor as the legal recipient of contractual duties.
Assignees acquire the same rights as the assignor had.
Assignees are offered additional protection than assignors.
The obligor may raise any of the same defenses for nonperformance to the assignee that he or she would have been able to raise against the assignor.
When an assignor transfers rights to an assigne