The Actions of Governmental Bodies at the Local, State, and Federal

question 3

True/False

The actions of governmental bodies at the local, state, and federal levels have major influence on how businesses operate.

---

Definitions:

Unilateral Contract

A contract in which one party makes a promise in exchange for an act (not a promise) by the other party.

Accepted Into College

The act of being granted admission to a college or university program as a recognized student.

Mailbox Rule

A legal doctrine stating that an offer is considered accepted once the acceptance is communicated through the mail, even if the offeror has not yet received it.

Plot Land

A marked piece of land designated for a specific use, such as construction, gardening, or other forms of development.