Under Common Law,a Contract Is Formed When Dispatched by the Offeree

question 79

True/False

Under common law,a contract is formed when dispatched by the offeree.

---

Definitions:

Shoe Shine Parlor

A storefront or establishment specializing in the cleaning, conditioning, and polishing of shoes.

Labor Demand Schedule

A chart or graph showing the quantity of labor that employers are willing to hire at different wage levels.

Employment

Employment involves having a job or role in a company or organization, earning wages or a salary in exchange for work.

Imperfectly Competitive

Refers to market structures that do not meet the conditions of perfect competition, including monopolistic competition, oligopoly, and monopoly.