Ren Offers to Pay Sara to Pick Up and Deliver

question 32

Multiple Choice

Ren offers to pay Sara to pick up and deliver certain business documents within thirty minutes. Sara can accept the offer only by completing the task within the deadline. If she does, Ren and Sara will have

• A) ​a bilateral contract.
• B) ​a unilateral contract.
• C) ​a void contract.
• D) ​an executive contract.

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Definitions:

December 31

December 31 is the last day of the year in the Gregorian calendar, often associated with closing the annual accounting period for businesses.

Board of Directors

A group of elected or appointed members who jointly oversee the activities of a company or organization.

Stockholders

Individuals or entities that own shares of stock in a corporation, giving them rights to dividends and a vote in company matters.

Policies

Statements of principle and guidelines, formulated or adopted by an organization, to direct and limit actions in pursuit of its objectives.