Beta inc. offers to buy 25 screwdrivers from industrial hardware for $75. industrial responds, “we have the screwdrivers you wish to purchase, but the price is $80.” beta replies, “no, we can find them cheaper somewhere else.” industrial now responds, “we accept your offer of 25 screwdrivers for $75.” do they have a contract? a. no, industrials counteroffer terminated betas offer. b. no, beta never made an offer since shipment terms were not included. c. yes, beta made a firm offer. d. yes, industrial was merely attempting to negotiate.

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.