An Offer That Has Unclear Major Terms,or Is Missing Important

question 13

Multiple Choice

An offer that has unclear major terms,or is missing important terms:

• A)can be the basis for an implicit,but not express,contract
• B)can be the basis for an express,but not implicit,contract
• C)makes the offeree liable if something goes wrong
• D)makes the offeror liable if something goes wrong
• E)none of the other choices are correct

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Definitions:

Future Sacrifice

The giving up of future economic benefits as part of a transaction or financial obligation, often related to expenses or liabilities that will result in a decrease in assets or an increase in other liabilities.

Legally Enforceable

A condition where a contract or agreement has terms that can be compelled or upheld by law, granting parties the ability to seek legal remedies in case of breach.

Probable Future Transfer

An anticipated movement of assets, liabilities, or ownership interests that is likely to occur based on current conditions or known events.

Current Liabilities

Obligations or debts a company is expected to pay within one year, often including accounts payable, short-term loans, and other similar liabilities.