MrBlue and Mr

question 8

True/False

Mr.Blue and Mr.Green are in negotiations for a regular delivery of newspapers to Mr.Blue's business.Mr.Blue did not formally announce his acceptance to the offer.But when Mr.Green sent a shipment of newspapers as they agreed,Mr.Blue accepted the shipment and paid for them.According to the UCC,Mr.Blue and Mr.Green have an enforceable contract.

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Definitions:

Compounded Monthly

Interest calculation method where the accumulated interest is added to the principal amount every month, allowing the interest in the next month to be calculated on the increased total.

Interest

Interest is the charge for borrowing money, typically expressed as a percentage of the principal amount per year.

Deposits

Funds placed into an account in a bank or other financial institution for safekeeping.

Compounded Quarterly

Interest on an investment or loan calculated four times per year, adding each quarter's interest to the principal for the calculation of the next quarter's interest.