K'Nect, Inc

question 15

Multiple Choice

K'Nect, Inc., makes an offer to Lori to enter into a contract to work as a salesperson for a certain salary plus commission for ninety days subject to a one-year renewal based on her performance. Lori accepts the offer. A valid contract requires

• A) ​a price and a subject.
• B) ​a duration and a termination.
• C) ​an offer and an acceptance.
• D) ​specific quality standards.

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Definitions:

S-1

A filing with the SEC used by companies planning on going public to register their securities.

S-4

A form filed with the U.S. Securities and Exchange Commission (SEC) related to mergers and acquisitions, containing significant information about the transaction.

S-8

S-8 is a form filed with the SEC used by publicly traded companies to register securities that will be offered to employees through an employee benefit plan.