Which of the Following Is the Majority Approach When Resolvingcontradictory

question 63

Multiple Choice

Which of the following is the majority approach when resolvingcontradictory terms in pre-printed forms? (See theRichardson v.Union Carbide Industrial Gases,Inc.case)

• A) The majority approach is that the offeror's terms control.
• B) The majority approach isthat the offeree's terms control.
• C) The majority approach is to applythe knockout rule with conflicting terms knocked out of the contract.
• D) The majority approach is 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:

Journal Entry

A record in accounting that logs a transaction and its impact on account balances in debit and credit terms.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects cash from its credit sales by dividing net credit sales by the average accounts receivable.

Net Sales

The net income generated from sales, after subtracting the costs related to returns, compensations for damaged or lost items, and price reductions.

Average Accounts Receivable

A measure of the average amount of money owed to a company by its customers over a period.