Newt, a gun dealer, offers to sell a rare civil war musket to Rush, another dealer, for "$15,000, insurance and shipping paid by buyer." Rush responds, "I accept. Insurance and shipping costs divided equally between seller and buyer." The parties
A)do not have a contract since the acceptance violated the mirror image rule
B)do not have a contract since Rush's response was a counteroffer.
C)have a contact and, in the majority of states, the terms of the offeree control.
D)have a contract and, in the majority of states, the different terms will cancel each other out.
D
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161. On July 1 of the current calendar year, Olive Co. paid $7,500 cash for management services to be performed over a two-year period beginning July 1. Olive follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31 of the current year for Olive would include:
A. A credit to a liability and a debit to a prepaid expense for $1,875. B. A debit to an expense and a credit to a prepaid expense for $5,625. C. A debit to a prepaid expense and a credit to an expense for $1,875. D. A debit to a prepaid expense and a credit to Cash for $5,625. E. A debit to an expense and a credit to a prepaid expense for $1,875.
Which influence tactic outcome occurs when people are enthusiastic and fully in agreement with an action or decision and are motivated to put in the extra effort to successfully reach a goal?
a. Compliance b. Resistance c. Adherence d. Commitment
A comparison of the contingency reserves of schedule, resources, and budget at a particular time during the progress of a project with the original schedule, resources, and budget to determine if there are enough reserves in schedule, resources, or
budget best defines A) total operating cost. B) feasibility study. C) reserve analysis. D) risk analysis.
A contract between Fresh Fruit Corporation and Green Grocer, Inc, re-quires Fresh Fruit to deliver goods to Green Grocer's place of business. This is A) a bill of lading
B) a destination contract. C) a shipment contract. D) a warehouse receipt.