Ron offers to sell Pete his stamp collection. Pete gives Ron $10 to induce him to keep his offer open for a week. If Ron decides on day four of the week that he really does not want to sell to Pete, he can revoke his offer without fear of a breach of contract lawsuit being filed against him

Indicate whether the statement is true or false


False

Business

You might also like to view...

What are the two major sources of power based on position in traditional organizational hierarchies?

What will be an ideal response?

Business

In Trompenaars’ dimensions of value orientations, ______ is a belief that what is true and good can be discovered and applied universally, while ______ is a belief that unique circumstances determine what is right or good.

What will be an ideal response?

Business

The closing of an adjustment message should A) guarantee that the problem will not recur if the customer continues doing business with you

B) express confidence in future business relations. C) assign blame to the responsible department and assure the reader that the department has been improved. D) remind readers of their responsibility in the product failure.

Business

Which of the following is NOT another name for gain-sharing?

A. The Scanlon plan B. Control-based compensation C. The Rucker plan D. Improshare

Business