Examlex
The probability distribution for the daily demand of laptops at a local store is shown below. In this distribution, the random variable x is the daily demand of laptops: Which of the following statements is true?
Offer
An offer is a proposal presented by one party to another with the intention of entering into a binding agreement, subject to acceptance by the receiving party.
Acceptance
In contract law, the expression of assent to the terms of an offer in such a manner that binds both the offeror and the offeree to the terms of the contract.
Legal Responsibilities
Obligations imposed by law, requiring individuals or entities to act in a certain manner or face legal consequences for failure to do so.
Offer
A proposal presented by one party to another with the intention to create a legal agreement upon acceptance.
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