Ryan sends Michael a letter of intent for the purchase of a tract of land. The letter of intent outlines the purchase price, the legal description, and the financing terms. A paragraph is included that states that the letter of intent is a non-binding agreement, and is an offer to enter into negotiations. a. The letter of intent is an expression of opinion and does not indicate an intention to enter into a binding agreement.
b. The letter of intent is an invitation to negotiate, which is not an offer.
c. The letter of intent is a statement of a future intent, which is not an offer.
d. The letter of intent is an offer that may be accepted by Michael.
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Ryan sends Michael a letter of intent for the purchase of a tract of land. The letter of intent outl...
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