If the Values of the Items Exchanged in a Contract

question 11

Multiple Choice

If the values of the items exchanged in a contract are unequal courts generally:

• A) hold that the contract is not binding
• B) require the parties to rewrite the contract
• C) require the offeree to add something to the contract
• D) require the offeror to add something to the contract
• E) none of the other choices are correct

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Definitions:

Strategic Business Unit

A semi-autonomous division or unit within a company that focuses on a specific market or product line, with its own strategy and objectives.

Board of Directors

A group of individuals elected to represent shareholders and govern the activities of a corporation.

Government Agencies

Official organizations operated by the government to implement laws, provide services, and oversee various areas of public interest and policy.

Industry

A group of companies or businesses that produce or sell similar products or services.