Explain the "Battle of the Forms" rule of the Uniform Commercial Code (UCC).
What will be an ideal response?
The "Battle of the Forms" rule holds that a timely expression of acceptance creates a contract even if it includes terms that are different from those stated in the offer or states additional terms on points the offer did not address. The only exception to this rule occurs when the attempted acceptance is expressly conditional on the offeror's agreement to the terms of the acceptance. In that case, no contract is created.
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Because fixed overhead is not relevant in the short run, the best way to allocate scarce resources is contribution margin rather than gross profit
Indicate whether the statement is true or false
Will the number of shares of stock issued and the number of shares of stock outstanding always be the same? Why or why not?
What will be an ideal response?
A ________ is a strong stimulus that encourages action to reduce or satisfy a need.
A. motivation B. deed C. drive D. want E. desire
Global Outfitters Outlet and Hyacinth, a consumer, enter into a contract for a sale of ultra-weather camping gear. If the contract includes a clause that is perceived as grossly unfair to Hyacinth, its enforcement may be challenged under
a. the mirror image rule. b. the principle of fair trade. c. the predominant-factor test. d. the doctrine of unconscionability.