Otto approaches Edie and says, "If you pick up my new suit for me at the mall tomorrow, I'll pay
you $20." Edie replies, "I don't know if I'll have time to get it, but I'll see if I get a chance." As a
result of this conversation:
A) Otto and Edie have formed a bilateral contract.
B) The contract that they have formed is voidable because Edie did not obligate herself.
C) Edie has a legal obligation to use her best efforts to pick up the suit.
D) A contract will be formed only if Edie picks up the suit.
D
You might also like to view...
In recent years, the largest amount of foreign-exchange trading has involved
a. foreign-exchange swaps and spot transactions. b. spot transactions and forward transactions. c. forward transactions and foreign-exchange swaps. d. foreign-exchange options and spot transactions.
A method of allocating merchandise cost requiring each item sold and each item remaining in inventory to be separately identified with respect to its purchase cost is called the
a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. weighted-average method.
Answer the following statement(s) true (T) or false (F)
1. In vertically individualistic societies, the self is autonomous and people are generally equal. 2. One of the benefits of quantitative measures of cultural dimensions is the ability to construct indexes of cultural distance between countries. 3. One of the important limitations to models of cultural values is that they generally are not appropriate for understanding the personal values of individuals. 4. Management scholars' reliance on theory and findings from the United States is not the result of an inherent belief in the superiority of U.S. management. 5. Many of the limitations of the research about managing across cultures are being remedied as scholars recognize the increased demand for relevance of research.
Holding large inventories provides protection against stock-outs and lost sales.
Answer the following statement true (T) or false (F)