An Ad in the Morning Paper Read: "Brand New 2011

question 105

Multiple Choice

An ad in the morning paper read: "Brand new 2011 Ford Focus $19 499.No payment until January 2012.We make your first payment." This is an example of which of the following?

• A) invitation to treat
• B) offer
• C) gratuitous promise
• D) bilateral contract
• E) unilateral contract

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Definitions:

Increase Or Decrease

Terms that refer to the change in size, amount, or number of something, often used to describe financial and numerical data fluctuations.

Income Statement

This is a financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.

Comparative Form

A grammatical construction used in many languages to compare two items or states, often formed by modifying adjectives or adverbs.

Revenue And Expense

Financial terms identifying the income a company generates and the costs incurred to generate that income, respectively.