Which of the Following Was the Result in Richardson V

question 31

Multiple Choice

Which of the following was the result in Richardson v.Union Carbide Industrial Gases,Inc.,the case in the text involving the effect of contradictory terms in pre-printed forms?

• A) The court applied the rule that the offeror's terms control.
• B) The court applied the rule that the offeree's terms control.
• C) The court applied the knockout rule and found that the conflicting terms fell out of the contract.
• D) The court adopted the assimilation view whereby terms of the offer prevail over the different terms in the acceptance only if the latter are materially different.

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Definitions:

Government-mandated Increase

A requirement imposed by the government that results in a rise, often relating to wages, prices, or taxes.

Demand and Supply Curves

Graphs used in economics to illustrate the relationship between how much of a good or service is desired by buyers (demand) and how much is available from suppliers (supply) at various prices.

Product Market

A market in which products are sold by firms and bought by households.

Equilibrium

A state in which market supply and demand balance each other, and, as a result, prices become stable.