An Offeree Can Respond with a Promise of Acceptance to an Offeror's

question 80

Multiple Choice

An offeree can respond with a promise of acceptance to an offeror's promise to form a ________ contract.

• A) bilateral
• B) unilateral
• C) quasi-contractual
• D) void

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Definitions:

Restocking Costs

Expenses associated with replenishing inventory or stock levels in a business, including purchasing, shipping, and handling costs.

Carrying Costs

The aggregate amount spent on inventory upkeep, which covers costs related to storage, insurance premiums, and tax payments.

Opportunity Costs

The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.

Inventory

Goods and materials that a business holds for the ultimate goal of resale or processing.