When an Offer Has Been Accepted

question 42

Multiple Choice

When an offer has been accepted:

• A) a subsequent revocation of the offer may serve to nullify the resulting contract.
• B) a contract is formed, assuming that all of the other elements of a contract are present.
• C) either party may withdraw from the resulting contract without consent.
• D) the acceptance is executory.

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Definitions:

Motivation

The driving force behind individuals' actions, desires, and needs to achieve goals.

Consistently

Displaying steadiness and uniformity in actions, values, methods, measures, principles, or outcomes.

Maslow's Hierarchy

Maslow's Hierarchy is a psychological theory that ranks human needs in a pyramid, from basic physiological needs to self-actualization, emphasizing the importance of fulfilling foundational needs first.

Love/Belonging

A psychological need involving emotional relationships with others, feeling part of a group, and experiencing love and friendship, which is crucial for human wellbeing.