Does the statement "Are you interested in selling your building for $2 million" constitute an offer?

Prepare for the BPA Business Law and Ethics Test with engaging flashcards and multiple choice questions. Each question comes with explanations to enhance understanding. Succeed in your exam confidently!

The statement "Are you interested in selling your building for $2 million" is a question rather than a definitive offer. In contract law, an offer must be a clear and definite proposal that expresses an intention to enter into a legally binding agreement upon acceptance. This statement fails to meet those criteria because it does not provide a clear indication of intent to make a binding agreement; instead, it poses an inquiry about the recipient's interest in selling their property.

While the amount mentioned could suggest some level of seriousness, the construction of the statement as a question introduces ambiguity. It does not require a response that would form a contract. An inquiry indicates a willingness to discuss terms rather than a firm commitment to sell or buy.

Other options imply elements that are characteristics of offers — such as a clear proposition or informality — but they overlook that the lack of directness and certainty in this phrasing means it cannot be classified as an offer. Thus, it is appropriate to categorize the statement as merely a question, confirming it does not constitute a contractual offer.

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