The Owner of a Pet Store Ordered $200 Worth of Bird

question 64

Multiple Choice

The owner of a pet store ordered $200 worth of bird feed from Cadmia Avicultural Research Inc.The invoice dated October 18 that was sent to the store owner mentioned "3/10,EOM." This detail indicates that if the store owner pays the bill on November 2:

• A) the price will increase by 3 percent.
• B) he will get a 3 percent discount.
• C) he will get a 10 percent discount.
• D) the price will be tripled.
• E) he will get no discount.

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Definitions:

Contract Law

A branch of legal studies focusing on the creation, interpretation, and enforcement of agreements between parties with mutual obligations.

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, or artistic fields.

Unequivocal

Leaving no doubt; clear, unambiguous, and without any possibility of misunderstanding.

Acceptance

The act of agreeing to receive or undertake something offered.