Question: What is the difference between an offer and an acceptance?

What is the difference between an offer and an acceptance?

Step by Step Solution

★★★★★

3.32 Rating (158 Votes )

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 Understanding Management Questions!

Q:

In the situation you going to read bellow , if an additional term is objected to by the offeror merchant within a reasonable time after acceptance, what have the parties agreed toif anything? So...

Q:

CHARACTERISTICS OF CONTRACT 1. Mutuality of Contract - it binds both parties and its compliance cannot be left to the will of just one of them 2. Obligatory Nature of Contract - it has the force and...

Q:

Unit code(s) CHCAGE001 Unit title(s) Facilitate the empowerment of older people Unit Study Guide This Study Guide includes learning materials and further resources to assist you in your program of...

Q:

Choose the right answer Offers may not terminated by. Question 2 Choose the right answer A written contract may not include the following element.... Question 3 Choose the right answer. The times...

Q:

the difference between an offer and an acceptance

Q:

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

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...

Q:

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...

Q:

Water from the combustion of hydrogen and pure oxygen is at 3800 K and 50 kPa. Assume we only have H2O, O2, OH and H2 as gases with the two simple water dissociation reactions active find the...

Q:

B.C. Fine Wines Limited is considering modernizing its winery at a cost of $500 million; the upgrade will reduce cost of goods sold by 20%. B.C. Fine Wines can pay for the equipment by issu- ing new...

Q:

2 4 1 Required information ( The folloning informaton apples to the questions displofed berlour ] Alved Merchandsers was organced on Myy 1 Macy Company is a mapor cumoner ( puyen ) of Alled felled...

Q:

Prepare a comparative horizontal analysis of the change in each current asset account from Year 6 to Year 7. Express each change in dollars and the percentage each change represents. Comment on each...

Q:

Look back and see how other earthquake threats have been treated. Was there bias in terms of warning people in richer versus poorer regions? What is the fair things to do in this less affluent area?...

Q:

Talk to the manufacturing vice president and emphasize the responsibility Chem-Tech has as an industry leader to set an example. Present her with a recommendation that Chem-Tech participate in...

Q:

Mind your own business and do your job. The company is not breaking any laws, and if Chem-Techs economic situation does not improve, a lot of people will be thrown out of work. LO.1

Q:

13. Tenika has a $20,000 basis in her interest in the TF Partnership immediately before receiving a proportionate current (nonliquidating) distribution that consisted of $24,000 in cash, and...

Q:

Algoma Steel processes a single type of steel. For the current period the following information is given: Units Material Costs Conversion Costs Beginning Inventory 40 $ 230,000. $ 220,000. Started...

Q:

Rex Corporation accepted an $ 8 , 5 0 0 , 5 % interest bearing note from Brooks Inc. on December 1 of the current year in exchange for machinery with a list sales price of $ 8 , 0 0 0 . The note is...