Some of the elements of a contract are acceptance, consideration, legality, and capacity
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following accomplishments would be the most beneficial to highlight on a résumé for someone applying for a leadership position?
a. 3.0 GPA b. member of a chorus line c. member of a basketball team d. completion of a team-based project for a class
When the cost-adjusted-to-market method is used to account for a long-term investment in the stock of another company, the carrying value of the investment is directly affected by
A) the dividend distributions of the investee. B) the earnings and dividend distributions of the investee. C) the earnings of the investee. D) neither the earnings nor the dividends of the investee.
Juanita has the following three ratios: (1) debt service coverage = 2.5, (2) debt ratio = 0.5, and (3) liquidity ratio = 0.8. We can say that Juanita has
A) poor solvency and poor liquidity. B) strong solvency and strong liquidity. C) strong liquidity but poor solvency. D) strong solvency but poor liquidity.
Which of the following is correct with regard to counteroffers?
A) A counteroffer operates as a rejection of the original offer. B) A conditional acceptance is a common type of counteroffer. C) The receipt of a counteroffer terminates the original offer. D) All of these are correct.