Under the Common Law,an Offer for a Unilateral Contract

question 13

Multiple Choice

Under the common law,an offer for a unilateral contract:

• A)is accepted by full performance of the requested act.
• B)is accepted either by an appropriate act or an appropriate promise.
• C)is accepted by whatever means are reasonable under the circumstances.
• D)is accepted by making the promise requested by the offer.

---

Definitions:

Economy's Overall Price Level

The average of current prices across the entire spectrum of goods and services available in the economy, indicating inflation or deflation trends.

Rising

Describes an increase or upward movement in metrics such as price, quantity, or value.

Base Year

A reference year used for comparative purposes in the calculation of indexes, such as the Consumer Price Index, to measure changes over time.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to measure inflation or deflation.