Pastry Dough, Inc, sends its catalogue to Octavio and includes a "per-son-alized" letter inviting him to buy any item in it at the ad-vertised price. This is
A) ?an offer because of the "person-alized" letter
B) ?an offer because there is no room for price negotiation.
C) an offer only if Octavio previously bought items from Pastry Dough.
D) ?not an offer.
D
You might also like to view...
Which of the following is correct with regard to consideration?
a. In a unilateral contract, a promise is exchanged for an act or forbearance to act. b. In a bilateral contract, there is an exchange of promises. c. Legal sufficiency is always related to adequacy of consideration. d. Two of these are correct.
Substantive unconscionability involves scrutiny by the court for "bargaining naughtiness."
a. True b. False Indicate whether the statement is true or false
Forever Yours, Inc has a secured and perfected security interest in Sally's big-screen TV. On the filing date of Sally's Chapter 7 petition, the balance of the debt owed to Forever Yours is $2,000. The value of the TV is estimated at $1,500. This means that Forever Yours A)is secured for the entire debt, $2,000
B)is unsecured for $500, the excess of the debt over the value of the TV. C)has a high priority claim of $500. This means that Forever Yours, Inc. will be allowed $500 worth of other unsecured property before other unsecured creditors get anything. D)is unsecured for the entire debt.
Common stockholders have the right to vote on key corporate issues, but also have the last right to the assets or profits of a company
Indicate whether the statement is true or false.