According to the Objective Theory of Contracts, the Intent to Enter

question 78

Multiple Choice

According to the objective theory of contracts, the intent to enter into an express or implied-in-fact contract is judged by the ________.

• A) doctrine of equity
• B) legality of the contract
• C) reasonable person standard
• D) common law of contracts

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Definitions:

Number Of Returns

The count of items or goods returned to a company by consumers, typically indicating satisfaction levels or issues with the product.

Performance Measurement System

A tool used by businesses to evaluate and assess the effectiveness and efficiency of its operations or the performance of individuals within the organization.

Executive Managers

Individuals who are responsible for strategizing, decision-making, and overseeing the daily operations of a business or organization.

Activity-Based Accounting System

An accounting method that allocates costs to specific activities, providing detailed insights into how resources are consumed.