Victor Enterprise Inc

question 98

Multiple Choice

Victor Enterprise Inc. writes a letter dated August 1 to Hallway Stores, offering to sell table lamps to Hallway Stores at $80 each for the next one month. In mid August, Victor Enterprises receives an offer from Shine Retailers to purchase the table lamps at a price of $85 each. Can Victor withdraw its offer to Hallway Stores?

• A) Yes, as this is only an option.
• B) No, since the doctrine of promissory estoppel is applicable.
• C) Yes, the offer was simply an invitation to negotiate.
• D) No, as this is a firm offer.
• E) Yes, the offer may be withdrawn since it lacks consideration.

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Definitions:

Sanctions

Measures taken by a country or international body to enforce international law, often involving trade restrictions or economic measures.

Deviant

An individual whose actions, beliefs, or behavior diverge significantly from societal norms or expectations.

Constructionist Perspective

A sociological approach that emphasizes the role of social processes and interactions in the creation of social realities.

Constructionist Sociologists

Sociologists who subscribe to the theory that reality is socially constructed, emphasizing the ways in which social phenomena are created, institutionalized, and made into tradition by humans.