Jerry Offers to Shovel the Snow from Ben's Driveway for $35.Ben

question 23

Multiple Choice

Jerry offers to shovel the snow from Ben's driveway for $35.Ben grabs his shovel and begins to work.This is an example of:

• A)an implied, unilateral contract.
• B)an express, unilateral contract.
• C)an implied, bilateral contract.
• D)an express, bilateral contract.

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Definitions:

Years

Units of time representing a period of twelve months or 365 days, used as a measure of time passing.

Standard Deviation

A statistic that measures the dispersion or variability of a distribution, indicating how much individual values deviate from the mean.

Long Bonds

Bonds with a long duration to maturity, typically more than 10 years, and are sensitive to interest rate changes.

Period

A length or portion of time.