An Offeree Can Form a Contract by Making a Promise

question 39

Multiple Choice

An offeree can form a contract by making a promise if the offer to form the contract is:

• A) bilateral
• B) unilateral
• C) trilateral
• D) either A or B
• E) neither A,B,nor C

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Definitions:

Overhead Cost

General expenses related to the operation of a business that cannot be directly attributed to a specific product or service.

Product S1

A specific item or version of a product, likely distinguished by unique features or specifications.

Product Margin

The profit generated by selling a product, calculated by subtracting the cost of goods sold from the sales revenue of that product.

Overhead Cost

Expenses not directly tied to production activities, such as rent, utilities, and administrative costs.