A Firm Offer Differs from an Option in That,a Firm

question 61

Multiple Choice

A firm offer differs from an option in that,a firm offer:

• A)is a separate contract by itself.
• B)is irrevocable for a certain period of time.
• C)does not require consideration in exchange for the offer.
• D)is not covered under the UCC.

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Definitions:

Internalizing Social Norms

The process by which individuals adopt the behaviors, values, and attitudes deemed appropriate by their society or social groups as their own.

Rites of Passage

Ceremonies or rituals marking important transitions in a person’s life, such as birth, puberty, marriage, and death.

Life Course

An approach in sociology that looks at the social and structural influences on individuals' lives over time, recognizing the ways in which age, context, and historical events shape experiences.

Adult Socialization

The process through which adults learn and internalize the norms, values, and behaviors that are necessary for functioning in their society or specific groups.