If, After an Offer Has Been Made, the Performance of the Contract

question 12

True/False

If, after an offer has been made, the performance of the contract becomes illegal, the offer is terminated.

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Definitions:

Good A

A generic term often used in economics to describe a type of product or commodity.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can purchase with a given budget at prevailing prices.

Intercepts

Points where a line or curve crosses the axes on a graph, typically used to describe the starting points of equations in coordinate geometry.

Satisfaction Level

A measure of how well goods or services meet or surpass customer expectations.