Donald Approves on Behalf of Evelyn-But Without Authorization-A Contract with Farouk

question 24

Multiple Choice

Donald approves on behalf of Evelyn-but without authorization-a contract with Farouk to build a new silo. Evelyn does not ratify the contract. The deal with Farouk is ​

• A) ​an enforceable contract with Donald.
• B) ​a voidable contract.
• C) ​an enforceable contract with Evelyn.
• D) ​an unaccepted offer.

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Definitions:

Total Holding Cost

The sum of all costs associated with holding inventory, including storage, insurance, spoilage, and opportunity costs.

Optimal Number

The most favorable quantity or figure that achieves the best outcome or efficiency for a specific context or objective.

Holding Cost

The expense associated with storing unsold goods or materials, including warehousing, insurance, and depreciation.

Differential Prices

Pricing strategies that involve selling the same product or service at different prices to different market segments or in different contexts.