Which of the Following Is Not Considered a Counter-Offer

question 61

Multiple Choice

Which of the following is not considered a counter-offer?

• A) under the common law, when a party includes additional terms in an acceptance
• B) an accommodation shipment
• C) under the "battle of the forms" doctrine, any additional terms in forms used to complete the transaction
• D) under the UCC, in a transaction between two merchants, when a party includes additional terms in an acceptance
• E) under the UCC, in a transaction between non-merchants, when a party includes additional terms in an acceptance

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Definitions:

Monetarists

Economists convinced that changes in the volume of money supply have pivotal effects on national output in the short term and on price levels in a longer-term perspective.

Rational Expectations

An economic theory which proposes that individuals make decisions based on their rational outlook, available information, and past experiences.

Ascribing Rationality

The assumption that individuals make decisions based on rational thought processes, maximizing utility based on available information.

Velocity of Circulation

The rate at which money is exchanged in an economy, reflecting the frequency with which money is spent on goods and services.