John Owns a Thoroughbred Horse Named Prince Charming That Just

question 45

Multiple Choice

John owns a thoroughbred horse named Prince Charming that just ran in the Kentucky Derby.Prince Charming came in last,much to John's frustration and embarrassment.John exclaims in a loud voice,"I'm selling that horse to the first person who hands me $100 bucks!" John has:

• A) made an offer to anyone within hearing distance and will be bound by his offer to the first person who produces $100.
• B) made a firm offer and will be bound by his offer for a reasonable period of time.
• C) made an acceptance to the first person who can produce $100.
• D) not made an offer because under the circumstances a reasonable person would not conclude that John had intent to make an offer.

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Definitions:

Diagnosis

The identification of the nature and cause of a certain phenomenon, typically in the context of medical conditions through the assessment of symptoms and diagnostic tests.

Economic Cost

Economic cost refers to the total expenses incurred in the production of a good or service, including both explicit (monetary payments) and implicit (opportunity costs) components.

Billions

A numerical value representing one thousand million (1,000,000,000) or, in the British system, one million million (1,000,000,000,000).

Inpatient Program

A medical care plan that requires a patient to be admitted to a hospital or clinic for treatment that cannot be provided on an outpatient basis.