Instructions: Please Define the Following Key Terms

question 54

Essay

Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Young Italy

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Definitions:

Acceptance

In contract law, an expression of agreement to the terms of an offer that results in a binding contract between the parties.

Auctioneer

A person or entity that conducts sales in which goods or property are sold to the highest bidder.

Highest Bidder

the person or entity that offers the highest price in a bidding process, such as an auction, and is typically awarded the item or contract up for bid.

Revoking

The act of formally withdrawing, canceling, or revoking a statement, offer, or privilege.