An Ad on the NewsNow Web Site Asks Viewers to "Send

question 16

Multiple Choice

An ad on the NewsNow Web site asks viewers to "send us your story and we might share it with the world." Onyx submits a manuscript,adding,"I accept your offer." Between NewsNow and Onyx,there is

• A)a contract for the publication of Onyx's story.
• B)a contract to consider Onyx's story before any others.
• C)a contract to negotiate for the publication of Onyx's story.
• D)no contract.

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Definitions:

Market Value

The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm's length transaction.

Sales Tax

A tax imposed by government authorities on the sale of goods and services, paid for by the consumer at the point of purchase.

Sales Tax

A tax levied by a government on the sale of goods and services, usually calculated as a percentage of the purchase price.

Sales Tax

A government-imposed tax on the sale of goods and services, collected by retailers at the point of sale.