A Computer Manufacturer Offered to Sell Sophisticated Computer Equipment to Another

question 85

Multiple Choice

A computer manufacturer offered to sell sophisticated computer equipment to another country.Two days later,before the offer was accepted,Congress placed an embargo on all sales to this country;and therefore,the offer was terminated by the embargo.This is an example of:

• A)promissory estoppel.
• B)destruction of subject matter.
• C)intervening illegality.
• D)revocation.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated as current assets divided by current liabilities.

Financial Information

Data that pertains to the financial status, performance, and changes in the economic resources of an entity.

Debt to Equity

A financial metric that shows the comparative amount of debt and shareholders' equity utilized to fund a company's assets.

Financial Information

Reports and metrics detailing the economic status and performance of a company or individual.