Assume an offeree mails a rejection to the offeror on November 1. This rejection arrives at the offeror's place of business on November 5. In the meantime, on November 4, the offeree sends the offeror an acceptance that arrives November 6. Which of the following statements correctly describes the situation?
A) There was no contract because when an acceptance follows a prior rejection, the first communication to be received by the offeror is the effective one.
B) There was a contract since the acceptance was mailed prior to the time the rejection was received.
C) There was no contract because the rejection was mailed first.
D) There was no contract because the acceptance was mailed more than three days subsequent to the rejection.
A
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A) balance sheet in the current assets section B) balance sheet as a current liability C) balance sheet in the owner's equity section D) income statement as revenue
Grouping many items together in a printed piece or an online store is referred to as
A. category management. B. catalog marketing. C. scrambled merchandising. D. mass merchandising. E. fast fashion.
A stock just paid a dividend of $1.15, has a required rate of return of 17%, and a constant dividend growth rate of 3%. What price should this stock be selling for?
A) $17.08 B) $8.21 C) $8.46 D) $1.22 E) $6.05
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.