Adam Offered to Buy Automobile Batteries from Ben

question 49

Multiple Choice

Adam offered to buy automobile batteries from Ben.Adam's purchase order was complete with respect to all material terms except price,which was omitted.If Ben accepts Adam's offer,and the price of automobile batteries is well established in the industry,does a contract exist between Adam and Ben?

• A)No contract was formed between Adam and Ben.
• B)A contract was formed between Adam and Ben only if it can be proved that the parties intended to enter a contract and orally discussed the price.
• C)A contract was formed between Adam and Ben,but the price will be treated as a proposed addition to the contract which must be accepted by both parties.
• D)A contract was formed between Adam and Ben even though the price term was omitted.

Calculate sample sizes for estimates with desired confidence levels.

Understand the use of statistical techniques to define market segments.

Comprehend the use of confidence intervals in hypothesis testing.

Recognize the shift from mass marketing to target marketing in addressing market demands.

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Definitions:

Native American Societies

The diverse cultures, languages, and communities of the indigenous peoples of North and South America.

Social Institution

denotes the organized patterns of belief and behavior centered around fundamental social needs, such as families, education, religion, and economic systems.

Skin Color

The pigmentation of someone's skin, primarily determined by genetic inheritance and exposure to the sun, which has historically been used as a basis for social classification and discrimination.

English Common Law

A legal system originated in England, characterized by the development of law through judicial decisions and precedents, forming the basis of the legal system in England and many countries that were once British colonies.