Question: When a legally enforceable promise is exchanged for a legally enforceable promise, OA) an offer is made. OB) a contract is created. OC) an

When a legally enforceable promise is exchanged for a legally enforceable promise,

When a legally enforceable promise is exchanged for a legally enforceable promise, OA) an offer is made. OB) a contract is created. OC) an executed note is made. OD) an acceptance and counteroffer is made.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Assignment 1. A Walmart suppliers demand forecasting team estimates that the demand for jeans is on average 600 pairs per month with a standard deviation of 255 pairs. They assume that the demand is...

Find the inverse function of f informally. Verify that f(f-1(x)) = x and f-1(f(x)) f(x) = 8(x-2) f-1(x) = = X.

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

Safari File Edit View History Bookmarks Window Help 100% DO . E Abbhosted.cuny.edu C Homepage Assignments - 2022 Spring Term (2) Business Law I BTM . Take Test: BTM 110 - Exam # 2 - Summer 2022 -...

4) Parktown Realty Inc developed an upscale condominium complex. On October 1, Miranda Wine signed an offer to purchase one of the units. Part of that document said, "This offer is irrevocable by the...

1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s) you are using)...

is as follows: 1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s)...

N Question 1 Not yet answered Marked out of 1.001 Flag question Sigmund ordered and ate a meal at the Blue Fez restaurant. Which of the following statements is TRUE? Select one: OA. The Sale of Goods...

LST2BSL Introduction to Business Law and Ethics Common Law Assignment INSTRUCTIONS 1. This assignment is worth 20% of your final mark for this subject. 2. All questions must be answered. 3. With...

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

On June 1, Gardening Green Magazine collected cash of $81,900 on future annual subscriptions starting on July 1. Journalize the transactions to record the collection of cash on June 1. Journalize the...

List what you think are the best ways to treat each of the following types of solid waste, and explain the benefits of the processes you recommend: paper, plastic, glass, metals, food waste, and yard...

What are the correct monthly rates for calculating failure to file and failure to pay penalties? A . Failure to file Failure to pay 0 . 5 % 5 . 0 % B . Failure to file Failure to pay 5 . 0 % 0 . 5 %...

1. Look at the following phStat output for hypothesis test. What is the conclusion for this t-test for the hypothesis of the mean (sigma unknown)? Should you accept or reject the null hypothesis? Why?

You have been working at your company for a while now and your supervisor has been noticing and complimenting you on your knowledge of policies and procedures. Recently, your supervisor has come to...

A line can seperate two point clouds in 2D space. How would you call a line of separation in 4D space?

A line can seperate two point clouds in 2D space. How would you call a line of separation in 3D space?

Tori and some other childeen experimented with balls to see which ones rolled. First using a piece of cardboard to use as a ramp, they angled it on a block to the floor to test the balls. Then Tori...

The internal audit activity should contribute to the organizations governance process by evaluating the processes through which: I. Ethics and values are promoted. II. Effective organizational...

The primary reason that a bank would maintain a separate compliance function is to: (a) Better manage perceived high risks. (b) Strengthen controls over the banks investments. (c) Ensure the...

An organizations management perceives the need to make significant changes. Which of the following factors is management least likely to be able to change? (a) The organizations members. (b) The...