IncorrectQuestion 7After you finish speaking at a business law conference, an eager fan asks you howlong is an offer considered open for acceptance by the offeree. Your pithy reply iswhich of the following?Unless the terms of the offer state otherwise, the offer is open for a reasonable amountof time.Indefinitely, until the offeror revokes or rescinds it.Only 10 days, no exceptions.30 days unless the parties agree otherwise.

Introduction Business law also termed as mercantile law or commercial law is a set of rules and…

Answered: ncorrect Question 7 After you finish…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Generally, an offeree’s power of acceptance is terminated when the offeror or offeree dies. Group of answer choices True False
Statement 1: Unless it appears otherwise, business advertisements of things for sale are not definite offers, but mere invitations to make an offer.Statement 2; The advertiser is bound to accept the highest or lowest bidder, unless the contrary appears. a. Both statements are true b. Both statements are false C c. Only statement 1 is true d. Only statement 2 is true
Lee offers to sell his car to Mike, stating that the offer will stay open for thirty days. Lee may revoke the offer Group of answer choices a) only after thirty days. B) within thirty days, whether or not Mike has accepted the offer. c) before Mike accepts the offer. d) only after Mike accepts or rejects the offer.
True/False. An objective test is used to determine whether an offeror intended to be legally bound by their offer.
A North Carolina broker who has received three simultaneous offers on a property listed with the broker may disclose the terms of the offers to all offerors only if O A. all offerors have given the broker express permission to do so. O B. the broker discloses the same information to all offerors. O C. the seller has given the broker express permission to do so. O D. the broker does not disclose the prices offered. IF THIS ANSWER IS (C) WHY OR NOT NOT (a)
A prospect can be considered a good prospect only if he possesses: [ ] a) Need for the product b) License or Legal capacity c) Capability to Pay d) All of the above e) Both a & c
In negotiation, having your first offer immediately accepted by the counterparty is likely to lead to feelings of what might have gone differently. Having your first offer immediately accepted can also lead to: O improved preparation O changing your BATNA the overconfidence effect O hindsight bias
Acceptance may be revoked by the acceptor a. before the death of the acceptor. b. before the letter of acceptance reaches the offerer c. after the letter of acceptance reaches the offeree d. at any time
Which instance is an example of disparate treatment? Select a Choice Below OptionARequiring a high school diploma, even though it is not relevant to the occupation OptionBSpecifying a height requirement that limits the ability of women or persons of certain races to qualify for the position that is advertised OptionCAsking candidates to take written tests which do not relate directly to the job OptionDRejecting people of a certain race without identifying a valid "bona fide occupational qualification" (BFOQ)
A private offering is a sale of securities in which: X investors may resell their stock within 3 months of acquisition. the security can only be sold within the home state of the offeror. the security is exempt from registration. the issuer provides less disclosures in return to selling less stock to fewer investors.
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
Which of the following statements about unbalanced bids is correct? O An owner may reject a heavily unbalanced bid as an irregular bid Owners may sometimes accept a small amount of front-end unbalancing so a contractor can finance the early stages of a project Unbalancing a bid to take advantage of an owner's error is unethical Unbalanced bids are not a problem - the owner pays the same as with a balanced bid

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