An option is the giving of consideration to support an offerors promise to hold an offer open

Question:

An option is the giving of consideration to support an offeror’s promise to hold an offer open for a stated length of time. True/False

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law With UCC Applications

ISBN: 9780073524955

13th Edition

Authors: Gordon Brown, Paul Sukys

See More Books

Question Posted: Jan 25, 2024 05:00 AM

See More Questions

Max size of RAM in PIC18 is Answer: OKB OBytes OMB
Mobic Inc. acquired some manufacturing equipment in January 2015 for $400,000 with life of 10 years and depreciated on a DD method. During 2018, the manufacturer announced a new technology for this...
DiLorenzo was an officer, director and shareholder of 100 shares of stock of Valve & Primer. M. Chris Dickson was the chief executive officer and majority shareholder of Valve & Primer. DiLorenzo was...
Young tableaux. Suppose you have an $n$-by- $n$ array of integers a [] [] such that, for all $i$ and \(j, a[i][j] A two-dimensional array with this property is known as a Young tableaux. Write...
The first law of thermodynamics is sometimes whimsically stated as, You cant get something for nothing, and the second law as, You cant even break even. Explain how these statements could be...
a. Calculate the control limits for the and R charts in Figure 17.35. b. Is the process (using the redesigned coil) in statistical control? Explain. c. Calculate the natural tolerance limits for the...
Farrow Co. expects to sell 150,000 units of its product in the next period with the following results. The company has an opportunity to sell 15,000 additional units at $12 per unit. The additional...
As part of the year-end audit, you are discussing the disclosure checklist with your client. The checklist identifies the items that must be disclosed in a set of GAAP financial statements. The...
Signal mistakenly produced 1,300 defective cell phones. The phones cost $67 each to produce. A salvage company will buy the defective phones as they are for $34 each. It would cost Signal $88 per...
Although illusory promises provide the mutuality of promises required in establishing consideration, the courts will not enforce them due to the doctrine of unconscionability. True/False
An undisputed amount is one on which the parties have mutually agreed. True/False
The gas laws are vitally important to scuba divers. The pressure exerted by 33 ft of seawater is equivalent to 1 atm pressure. (a) A diver ascends quickly to the surface of the water from a depth of...
Silver Company makes a product that is very popular as a Mothers Day gift. Thus, peak sales occur in May of each year, as shown in the companys sales budget for the second quarter given below: April...
Among the following statements, select the ones which have a positive environmental impact. Choose several answers Minimising the impact of a product on the environment Avoiding the destruction of a...
Developing Financial Statements: All organizations, including those in the healthcare industry, need to make money to be profitable and survive. Financial statements, such as balance sheets, profit...
The engineers estimated that on average, fuel costs, assuming existing routes and number of flights stay the same, would decrease by almost 18% from an average of 42,000 gallons of jet fuel per...
It's the latest Berkeley trend: raising chickens in a backyard co-op coop. (The chickens cluck with delight at that joke.) It turns out that Berkeley chickens have an unusual property: their weight...
An air-conditioner operates on the vapor- compression refrigeration cycle with refrigerant-134a as the refrigerant. The air conditioner is used to keep a space at 21oC while rejecting the waste heat...
The following information is for Montreal Gloves Inc. for the year 2020: Manufacturing costs Number of gloves manufactured Beginning inventory $ 3,016,700 311,000 pairs 0 pairs Sales in 2020 were...
Walter receives cash of $18,000 and land with a fair market value of $75,000 (adjusted basis of $50,000) in a current distribution. His basis in his partnership interest is $16,000 before the...
Which of the following items do not have to be reported separately on a partnership return? a. Tax-exempt income b. Dividend income c. Typical MACRS depreciation expense d. Capital gains and losses...
Elijah and Rona are both 50-percent partners in the Thakkar Partnership. At the start of the current year, Elijahs outside basis in Thakkar is $3,000 and Ronas outside basis in Thakkar is $7,000....
Questien It Calraluta bae neark yoe cen atforal to berren
In calculating the net present value of a proposed project, the cash flows of the project should include a.) amortization of goodwill b.) interest expenses paid to bondholders c.) extra working...
If Yolanda's insurance company cancels her fire insurance policy after 204 days, how much of the $682.00 annual premium will she receive as a refund (in $)? (Round you answer to the nearest cent.) $

An option is the giving of consideration to support an offerors promise to hold an offer open

Question:

Step by Step Answer:

Business Law With UCC Applications

Students also viewed these Social Science questions