Alice Offers to Sell Her Computer,monitor,and Printer to Bradley for $300.Bradley

question 3

Multiple Choice

Alice offers to sell her computer,monitor,and printer to Bradley for $300.Bradley says he will accept provided that Alice includes her word processing software.What is the status of their discussions?

• A) There is a valid contract for the computer,the monitor,the printer,and the software.
• B) There is no contract,because Bradley has made a counteroffer.
• C) There is no contract,because the time for delivery has not been decided.
• D) There is no contract,because the offer has been revoked by the offeror.

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Definitions:

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction, often referring to income taxed both at the corporate level and personally.

Excessive Taxation

Taxing beyond what is fair or reasonable, often perceived as placing undue burden on taxpayers.

S Corporation

A specialized form of corporation in the United States that allows income to be passed through to shareholders for federal tax purposes, avoiding double taxation.

Profit Distributions

The sharing of earnings among the shareholders of a company, often in the form of dividends.