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Acme CoOffers to Buy 1,000 Widgets from Widget World Co

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Acme Co.offers to buy 1,000 widgets from Widget World Co.The written offer provides for 1,000 at $10 per widget,to be delivered May 1.The offer has no other provisions.Widget World sends a written acceptance.However,the acceptance also states that if any claim arises under this contract,Widget World must be notified within 10 days.Acme does not object to this provision.Both parties are merchants.Which of the following best describes this situation?


Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Latent Learning

Pertains to knowledge acquired without any immediate or visible reinforcement or outcome, becoming apparent only when needed.

Injunctive Norm

A belief about what behaviors are generally approved of or disapproved of in one’s culture.

Descriptive Norm

A belief about what most people typically do.

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