Nevin negotiates a deal for the sale of twenty-five acres of farmland to otis. nevin promises to hold the offer open in return for a small payment but does not state an exact period of time. with respect to this offer
a. the deal is binding except for the promise to hold the offer open.
b. a reasonable period of time is implied.
c. the offer must be held open for an indefinite period.
d. the deal is done.

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Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to:

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells.b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities.c. two superpowers decide whether to build new weapons or to disarm.d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society