Today, Courts Hold That Once an Offeree Begins Performance on a Unilateral

question 14

True/False

Today, courts hold that once an offeree begins performance on a unilateral contract, the offeror must hold the offer open for a reasonable time to allow the offeree to complete the performance.

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Definitions:

Wages

Compensation paid to employees for their labor, typically calculated on an hourly, daily, or piecework basis.

Financial Statements

Financial Statements are formal records of the financial activities and position of a business, person, or entity, including the balance sheet, income statement, and cash flow statement.

Attached Schedule

A supplementary document provided with financial statements or tax returns that provides additional details or calculations related to the main document.