Which of the Following Is an Intangible Asset

question 199

Multiple Choice

Which of the following is an intangible asset?

• A) copyright
• B) building
• C) land
• D) equipment

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Definitions:

Counteroffer

A counteroffer is an offer made in response to another, rejecting the initial offer and proposing new terms for an agreement.

Acceptance

In contract law, it's the expression of agreement to the terms of an offer, which then creates a legally binding contract.

UCC

The UCC serves as an extensive legal base for regulating commercial transactions of all kinds across the United States.

Mirror Image

In contract law, this principle states that an acceptance of an offer must not change the terms of the original offer for a valid contract to be formed.