The ____ Controls the Terms of the Offer When a Contract

question 567

Multiple Choice

The ____ controls the terms of the offer when a contract is made.

• A) offeree
• B) unbiased third party
• C) judge
• D) contractor
• E) none of the other choices are correct

---

Definitions:

British Pounds

The currency of the United Kingdom, also known as GBP, which is one of the world's major currencies.

Foreign Exchange Gain

A profit resulting from changes in exchange rates affecting the value of investments or transactions in foreign currencies.

Non-Interest-Bearing Note

A type of debt instrument that does not pay interest but is instead issued at a substantial discount from its face value and pays its full face value at maturity.

U.S. Dollar Equivalent

The value of a foreign currency expressed in terms of the quantity of United States dollars it can be exchanged for, based on current exchange rates.