Jackie tells a group of friends that she plans to sell her home. Meg asks how much Jackie hopes to get for the house, and Jackie replies, "$50,000." Meg says, "I accept your offer. I'll purchase your house for $50,000." No contract exists because
A. Jackie doesn't seriously intend to enter a contract.
B. the terms of the offer aren't reasonably certain.
C. the offer isn't properly communicated.
D. Jackie's statements are merely preliminary negotiations.
The correct answer is D. Jackie's statements are merely preliminary negotiations.
To determine the correct answer, let's analyze the given scenario step by step:
1. Jackie tells her friends that she plans to sell her home.
2. Meg asks how much Jackie hopes to get for the house.
3. Jackie replies, "$50,000."
4. Meg says, "I accept your offer. I'll purchase your house for $50,000."
In this scenario, it is clear that Jackie's reply to Meg's question about the selling price of the house was simply an indication of her hopes or expectations. It was not a formal offer or a statement of intent to enter into a contract. Meg's response can be seen as more of a casual conversation or agreement, rather than a legally binding contract.
Therefore, the correct answer is D. Jackie's statements are merely preliminary negotiations.