Compare briefly the traditional and modern theories of definiteness of acceptance of an offer as shown by
Question:
Compare briefly the traditional and modern theories of definiteness of acceptance of an offer as shown by the common law ‘‘mirror image’’ rule and by the rule of the Uniform Commercial Code.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 30% (13 reviews)
The traditional theory of definiteness of acceptance of an offer is the mirror image rule This rule ...View the full answer
Answered By
Kenneth Mutia
I have a B.S. in Statistics from the Jomo Kenyatta University of Agriculture and technology. I have been an academic tutor for over 3 years. I have a passion for helping students reach their full potential and am dedicated to helping them succeed. I am patient and adaptable, and I have experience working with students of all ages and abilities, from elementary school to college in their various fields. I have a wide scope of diverse tutoring experience in several courses of study with significant success as a tutor.
0.00
0 Reviews
10+ Question Solved
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Question Posted:
Students also viewed these Business questions
-
Explain how you can reconcile the traditional and modern portfolio approaches.
-
As shown in Fig. 34.9, mirror 1 uses the image P2 formed by mirror 2 as an object and forms an image of it. Show that this image is at point P3, in the figure.
-
Compare auditors common law liability to clients and third-party beneficiaries with their common law liability to other third parties.
-
State whether or not each of the following events would result in a liability being recognised in the accounts at 30 June. 1. Taxes for the year ended 30 June, which are not payable until October. 2....
-
In Sucrosia, the supply curve for sugar is as follows: Price (per 100 pound bag) Quantity $30 .. 10,000 $50 .. 15,000 $70 .. 20,000 Under pressure from nutrition activists, the government decides to...
-
Astronauts use a centrifuge to simulate the acceleration of a rocket launch. The centrifuge takes 30s to speed up from rest to its top speed of 1 rotation every 1.3 s. The astronaut is strapped into...
-
Using an incremental internal rate of return (IRR) analysis, the decision to replace the "current best" by the "challenger"' is based on what decision rule? a. The internal rate of return of the...
-
The fund-basis financial statements of Cherokee Library District (a special-purpose government engaged only in governmental activities) have been completed for the year 2012 and appear in the second...
-
Commencing 1 April 2022, Morgan Landscaping Pty Ltd (morgan) provided Larissa (an employee) with the use of a Volkswagen Golf car. The car cost $55,000 (including GST) and was used privately every...
-
The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. The overhead that...
-
Identify and discuss briefly seven ways by which an offer may be terminated other than by acceptance.
-
Discuss the five situations limiting an offerors right to revoke her offer.
-
The Andromeda Nebula, at a distance of 2 x 1022 m from the Earth, radiates 8 x 1027 W in the spectral line of frequency 1420 MHz. Estimate the number of photons received per second when the nebula is...
-
a description of your new makeup store business addressing the inventory, furniture, customer service, design layout, and sensory marketing
-
In what ways does globalization challenge traditional notions of sovereignty and state-centric governance, as transnational actors and institutions exert increasing influence over policymaking and...
-
AT LEAST 350 words You have been hired as a consultant to Marconi to assist them in planning the execution of their Latin American strategy. They want you to help them answer the following question:...
-
How do theories of social order and social change elucidate the mechanisms through which societies establish and negotiate stability, coherence, and continuity, while also adapting to evolving...
-
Describe industry analysis, competitor analysis, customer analysis and company analysis of winners sore?
-
Analyze the effects on a large open economy of a temporary adverse supply shock that hits only the foreign economy. Discuss the impact on the home country's national saving, investment, and current...
-
Which should drive action planning more, strengths or weaknesses? That is, is it more important to build on your strengths or to reduce your weaknesses? Explain.
-
What else did the prospectus say to qualify the optimistic language?
-
1. Even with all this cautionary language, under what circumstances would the partnership be liable? 2. What is the goal of a prospectus? 3. Is a prospectus by definition defective if the investment...
-
What is the scope of 10(b)? What does the term connected with the purchase or sale of a security mean?
-
The Narnia economy has Consumption Expenditures of $8,000; Exports of $6,000; Imports of $3,000; Investments of $6,000; inventories of $3,000; residential construction of $2,000; Total Government...
-
Mary had a large investment portfolio consisting of equities that she has held for many years. The securities appreciated significantly in value over the years. When she first bought these equities...
-
A company offering short term loans agrees to lend Nicholas $1,200. The amount (plus interest) is repayable in 12 years, and the simple interest rate is 12%. What is the total amount that must be...
Study smarter with the SolutionInn App