A Unilateral Contract Trick Can Be Described with a Situation

question 28

True/False

A unilateral contract trick can be described with a situation where a dishonest seller who has received a "rush" order sending the wrong goods,hoping that the buyer's necessity will force him to accept.

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Definitions:

Worksheet

A document used by accountants to gather information from financial statements, adjust and close entries, and prepare financial statements.

Plant, Property

Plant, Property, often followed by and Equipment (PP&E), represents long-term assets owned by a company, used in its operations.

Equipment

Tangible assets used in operations, such as machinery or office equipment, not intended for sale.

Land

A real estate asset representing a parcel of earth's surface, its resources, and all its permanent fixtures.