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E-Systems,Inc. ,a manufacturer of computer chips,offers to sell 1,000 chips to Swell Computers for $2,000 in a signed memo that states the offer is good for one year.Four months later,E-Systems revokes the offer,having never received an acceptance from Swell.After receiving the revocation,Swell wants to accept E-Systems's offer.What is the result?
Trade Discount
A reduction in the listed price of a product or service offered by sellers to buyers in the business-to-business sales.
Break-Even Default Rate
The rate at which the losses from defaulted loans equal the income generated from interest payments in a lending portfolio.
Net 30 Credit Policy
A common credit term indicating that payment is due in full 30 days after the goods are dispatched or a service is completed.
Monthly Interest Rate
The rate of interest applied to a loan or earned from an investment throughout a one-month timeline.
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