In Common Law,_____ Gives the Power of Acceptance to Another

question 34

Multiple Choice

In common law,_____ gives the power of acceptance to another party and includes the agreement's essential elements,which must be definite and certain.

• A)ability
• B)offer
• C)consideration
• D)capacity
• E)authority

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Definitions:

Loss Disallowed

A loss that cannot be deducted from taxable income due to tax rules or limitations.

Related Parties

Individuals or entities that have a close association or relationship, often in a business context, which might influence transactions or dealings between them.

Shareholder

An individual or entity that owns shares in a corporation and is entitled to a portion of its profits and assets.

Owned

Having possession or legal right over something.