A Said to B, "I'll Give You $100 for That

question 4

Multiple Choice

A said to B, "I'll give you $100 for that bracelet." B replied, "$135." A said, "No thanks." B then said that B accepted the $100, but A was no longer interested and said there was no contract. B insists there is a contract. Result?

• A) A's offer of $100 was open and accepted by B, thereby forming a contract.
• B) B's counteroffer of $135 terminated A's offer of $100.
• C) B's statement, "$135" was a negotiating statement that did not terminate A's original offer of $100.
• D) A's offer of $100 was irrevocable.

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Definitions:

Visionary Goal

A long-term, aspirational goal set by a company or organization, aiming to guide its progress and inspire stakeholders towards overarching ambitions.

Core Values

Fundamental beliefs or principles that guide an organization's actions, decisions, and interactions with stakeholders.

Core Purpose

The fundamental reason a company exists beyond just making a profit, often reflecting its values and long-term goals.

Core Values

Fundamental beliefs or principles that guide an organization's actions and decisions, shaping its culture and identity.