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A Valid Offer May Be in the Form of an Act

question 11

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A valid offer may be in the form of an act for a promise,which is an offer to enter into an inverted unilateral contract.


Definitions:

Direct Materials

Raw materials and components that are directly used in the manufacturing of a product.

Inventory

Goods and materials held by a business for the purpose of resale or production.

Production Budget

A production budget is a financial plan that estimates the number of units to be produced to meet anticipated sales.

Units

A measure of quantity, such as products produced or services rendered, used in various business contexts.

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