On June 1, Sophisticated LLC, a BMW automobile dealer, offer…
On June 1, Sophisticated LLC, a BMW automobile dealer, offers to sell a BMW M3 coupe to Mandy for $60,000. Sophisticated LLC signs a written assurance to keep that offer open to Mandy until July 15. On July 5, Sophisticated LLC sells the car to another buyer. On July 15, Mandy tenders $60,000 for the car. Sophisticated LLC is a merchant subject to the firm offer rule. Therefore,