How Can Courts Prevent an Offeror from Revoking a Unilateral

question 3

Multiple Choice

How can courts prevent an offeror from revoking a unilateral contract once the offeree has started performance?

• A) By providing additional terms according to the Code's gap-filling provisions
• B) By holding that the offeree's acceptance has curtailed the power of revocation
• C) By holding that the offeree's performance has made it a bilateral contract
• D) By making material changes in the terms of the original contract

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Definitions:

Vouchers Payable

Liabilities or debts owed by a company for purchases made on credit, documented by vouchers.

Gross Method

An accounting practice where purchases are recorded at their full invoice amount without deducting any purchase discounts.

Periodic Method

An accounting approach used to value inventory and determine the cost of goods sold in which physical counts are done periodically, typically at the end of an accounting period.

Gross Method

An accounting method used to record purchases at the full invoice amount without deducting any cash discounts.