Fresh Dairy, Inc, is the offeror and Gelato Ice Cream Company is the offeree under a unilateral sales contract in which Hector's Helado Corporation is also interested. Gelato is not notified of Fresh Dairy's performance within a reasonable time. Gelato
a. may treat the offer as having lapsed.
b. must assume that Fresh Dairy has started to perform.
c. must contact Fresh Dairy.
d. must notify Hector's.
a
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Answer the following statements true (T) or false (F)
1) The direct write-off method for uncollectible accounts violates the matching principle. 2) The use of the allowance method to record bad debts expense violates the matching principle. 3) A method of accounting for uncollectible receivables in which the company estimates bad debts expense instead of waiting to see from which customers the company will not be able to collect is known as the allowance method. 4) Under both the allowance method and the direct-write off method of accounting for uncollectible accounts, the amount of bad debts expense is estimated at the end of each accounting period. 5) The Allowance for Bad Debts is a contra account to Accounts Receivable.
When discussing needs and wants in an advertising context, Rae needs a Kombucha Wonder Drink because she wants to quench her thirst.
Answer the following statement true (T) or false (F)
________ information correlates to current conditions.
A. Useful B. Real-time C. Quality D. Static E. Complete
Permission to use something in accordance with specific terms and conditions are called:
A. patents. B. copyrights. C. licensing rights. D. trademarks.