Between Merchants,what Is the Affect of an Acceptance That Includes

question 35

Essay

Between merchants,what is the affect of an acceptance that includes additional terms without expressly making the contract subject to the offeror's agreeing to those terms?

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Definitions:

Treasury Stock

Shares that were once a part of the outstanding shares but were bought back by the issuing company, reducing the amount of outstanding stock on the open market.

Paid-In Capital

The total amount of money or value of property that shareholders have contributed to a company in exchange for shares, excluding earnings retained by the company.

Journalize

The process of recording transactions in a journal before they are posted to ledger accounts.

Paid-In Capital

Funds raised by a company through the issuance of securities, reflecting the total amount of invested capital that shareholders have contributed directly.