Which of the Following Is True for Terms to Be

question 38

Multiple Choice

Which of the following is true for terms to be expressed in a contract under the common law of contract?

• A) Additional terms can be added during acceptance.
• B) Additional terms can be added without consideration.
• C) Gap-filling rules are permitted for time, delivery, and prices of goods.
• D) Contract must contain all the material terms of the parties' agreement.

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Definitions:

Directing

The process of guiding, leading, and motivating employees to achieve organizational goals.

Goals and Objectives

Targets and outcomes that an organization or individual aims to achieve within a specific timeframe.

Period Costs

Period costs are expenses that are not directly tied to the production process and are expensed in the period they are incurred.

Selling Expenses

Costs incurred directly and indirectly in selling products or services, including commissions, advertising, and salesperson salaries.