To Determine Whether the Offeror Has Created a Present Intent

question 37

Multiple Choice

To determine whether the offeror has created a present intent to contract, courts consider:

• A) how the offer was made.
• B) whether the offeror has communicated it to the offeree.
• C) the intent of the parties subjectively.
• D) the status of the person who has made the offer.

---

Definitions:

Economy

The system of production, distribution, and consumption of goods and services in a particular geographic region or country.

Business Cycle Dating Committee

A group of economists that determines the dates of the beginning and end of recessions, marking the business cycle's phases.

Peaks And Troughs

Describes the high and low points in economic, financial, or business cycles, indicating periods of maximum and minimum activity or value.

Real GDP

Gross Domestic Product adjusted for inflation, which reflects the value of all goods and services produced by an economy in a year, measured in constant prices.