An offer was presented but the seller did not accept the offer, instead, he suggested different terms that would be more acceptable. A) This is a rejection of the original offer B)This is a counteroffer on the original offer C)This is a negotiation that keeps the original offer alive D) This kills the original offer, which can no longer be accepted
Q: Negotiation is defined as 2 poi "working to reach an agreement that is satisfactory to either the…
A: The answer to this question is false.
Q: Standard form contracts are just as enforceable between businesses as contracts that result from…
A: Standard form contracts refer to the contracts between two businesses or parties that do not permit…
Q: Fill the blank please
A: Selling involves a person-to-person interaction between the salesperson and the potential…
Q: When a broker is changing from a single agency relationship with a seller to a transaction broker,…
A: The question is asking about the point in a real estate transaction when a broker can change from a…
Q: If the time by which an obligation must be performed is described as being "of the essence", what…
A: In contract law, the concept of "time being of the essence" is a critical element that signifies the…
Q: Given that one goal of a contract is to avoid litigation, which of the following can be useful to…
A: A legally binding agreement outlining the terms and circumstances of a specific transaction or…
Q: Consideration a. must be of reasonable value b. need not be adequate to the promise made c. must be…
A: In contract law, consideration plays a crucial role in determining the validity and enforceability…
Q: 1. According to the 1980 United Nations Convention on Contracts for the International Sale of Goods,…
A: Disclaimer: Since you have asked multiple question, so we will solve the first question for you. If…
Q: How is an offer terminated?
A: There’re various conditions due to which an offer can be deemed as terminated. They’re occurrences…
Q: Describe the difference between/among the following terms. May vs shall Equal, substantially equal,…
A: Effective communication is an essential aspect of successful management. In today's fast-paced…
Q: Which of the following is the first element of a contract? Multiple Choice An agreement Forbearance…
A: Contracts are legally binding agreements that establish the rights and obligations between parties.…
Q: A guaranty type contract, where a 3rd party guarantees the payment for another, must be in writing.…
A: A guaranty-type contract, guided by the Statute of Frauds, holds a significant role in contractual…
Q: If a contract was found to be ambiguous, would you rather be the person who wrote the contract or…
A: Law plays an integral role in making the judgements related to complex situations. It helps in…
Q: Under the UCC, a firm offer only applies to
A: Uniform commercial code mainly deals with the governance of commercial business transactions and…
Q: Which of the following is not a true statement: A. In a risked based agreement, the provider…
A: A risk based agreement is a agreement that help to get financially help beyond the traditional…
Q: Which of the following is correct about implied and express contracts? Implied contracts can be…
A: Contract law effectively establishes the process of agreement development, implementation, and…
Q: During negotiation, buyers make all kinds of statements. What would be your response to the…
A: The responses areas follows:
Q: Which of the following is/are not true? a) Pure obligation is demandable. b) Obligation with a…
A: Every obligation or duty whose performance does not depend upon a future or uncertain event, or upon…
Q: An offer can be defined as an intimation of words and conduct, with a desire to enter into a binding…
A: Contract law plays a fundamental role in regulating business transactions and ensuring the…
Q: (1) Describe a contract you've entered into. (2) Identify the offeror, (3) the offeree and (4) the…
A: Detailed explanation: Let's delve into a recent contract I entered into: (1) The Contract:Recently,…
Q: our insured has Comprehensive coverage on O.A.P. 1 Owner's Policy and informs you that he/she will…
A: Risk management is a strategic and systematic process aimed at identifying, analyzing, and…
Q: Suppose Suzanne offered to sell you her boat on Wednesday for $2,000 and gives you until Friday at 9…
A: Breach of a contract is a situation when any party to the contract demonstrates a failure to fulfill…
Q: In negotiation, having your first offer immediately accepted by the counterparty is likely to lead…
A: Two or more parties negotiate to reach an agreement or resolve a disagreement. It's a give-and-take…
Q: When both buyer and seller are not clear about the price and quantity of goods it leads to a.…
A: For a successful business transaction to take place, it the active involvement of both the buyer and…
Q: Let's say that the owner of a home says "come over next Wednesday to mow my lawn and every week…
A: A contract is an agreement between two parties having a valid offer and acceptance and must be…
Q: When an accountant or an attorney is asked to act as an agent, an agreement to compensate the agent…
A: An agent, as defined in legal contexts such as the Indian Contract Act of 1872, is an individual or…
Q: What kind of argument is present when the premises of an argument do not lead to the conclusion?
A: An argument aims to demonstrate the validity or soundness of the conclusion by showing how the…
Q: You have a job bidding provision in the contract which says. Vacancies in bargaining unit…
A: Contract is a legally binding agreement which can be entered between two parties in an arms length…
Q: D6) A listing agent shows a buyer a home. The buyer completes an offer, which the listing agent…
A: The laws that regulate the terms and conditions of agreements are collectively known as contract…
Q: This is the "meeting of the minds" required for a valid contract. It can be destroyed by fraud,…
A: Business law is the aspect of the law that redescribes the rules, regulations, and laws that are…
Q: What is the time period of performance that requires contracts to be in writing? a. b. If a contract…
A: The law acknowledges that some agreements are so significant that only written documentation should…
Q: An offer can be defined as an intimation of words and conduct, with a desire to enter into a…
A: Contract law has a rich history dating back centuries, evolving as societies developed trade and…
Q: A Future Contract is Clearly defied in in the future at a price determined today today at a…
A: Futures contracts are agreements between two parties to purchase or sell a specified asset at a…
Q: True/False. An objective test is used to determine whether an offeror intended to be legally bound…
A: Answer - true
Q: How is an offer accepted? Describe the rules for the manner of acceptance
A: In basic words, acceptance is an articulation by the offeree of his eagerness to be limited by the…
Q: Which one of the following would likely NOT be considered a contractual document? Select one: a. A…
A: The correct answer is b. A travel brochure promoting a cruise
Q: Bill offers to sell his car to Tom for $9,000. Tom replies, “Your price is too high! I will offer to…
A: In the given situation, when Tom offers to buy Bill’s car for $8000 when the original offer of Bill…
Q: Because fixtures can be detached from the land, thereby reverting back to personal property, what is…
A: The objective of the question is to understand the best practice in creating a sales contract,…
Q: an issue arises after the completion of a transaction, which of the following actions should a…
A: It is the responsibility of the sales person to always take a remedial situation in case of any…
Q: Which of the following is true? Select one: a) The seller or the supplier shall perform his/her…
A: A legal document that specifies the terms and conditions between buyers and sellers is known as a…
Q: What are the terms used for the parties involved in the offers and negotiations leading up to the…
A: The objective of the question is to identify the correct terms used for the parties involved in the…
Q: Discuss two (2) types of contracts
A: Note: The answer is provided in a generalized way. Note: As per Bartleby expert guidelines an expert…
Q: Which one of the following is NOT a correct pairing of a trust provision with its characteristics?…
A: A trust provision is a clause or condition included in a trust agreement that sets out specific…
Q: Buyer Javier makes a formal offer to Seller Joy: $250,000 and the appliances stay. Joy counters:…
A: The question is asking whether Javier, the buyer, is obligated to buy the home after Joy, the…
Trending now
This is a popular solution!
Step by step
Solved in 4 steps