Which of the Following Would Terminate an Offer Without Notice

question 9

Multiple Choice

Which of the following would terminate an offer without notice to the offeree?

• A) Enactment of a statute making the contract illegal after acceptance
• B) Physical inability of the offeree to perform
• C) Promissory estoppel
• D) Insanity of either party

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Definitions:

Economical

Concerned with optimizing resource use and cost savings without sacrificing quality or performance.

Inventory Turnover

A measure of how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

In-progress Inventory

Items that are currently being manufactured or are in the process of being transformed from raw materials to finished goods.

Finished Goods Inventory

An end item ready to be sold, but still an asset on the company’s books.