Dye sent hill a written offer to sell a tract of land located in new town for $60,000. the parties were engaged in a separate dispute. the offer stated that it would be irrevocable for 60 days if hill would promise to refrain from suing dye during this time. hill promptly delivered a promise not to sue during the term of the offer and to forego suit if hill accepted the offer. dye subsequently decided that the possible suit by hill was groundless and therefore phoned hill and revoked the offer 15 days after making it. hill mailed an acceptance on the 20th day. dye did not reply. under the circumstances,
a. dye's offer was supported by consideration and was not revocable when acceptedb. dye's written offer would be irrevocable even without considerationc. dye's silence was an acceptance of hill's promised. dye's revocation, not being in writing, was invalid

A. Dye's offer was supported by consideration and was not revocable when accepted

Explanation:

The correct answer is: "Dye's offer was supported by consideration and was not revocable when accepted"

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know