Which One of the Following Statements Is True

question 13

Multiple Choice

Which one of the following statements is true?

• A)A variant is always a durable good with new features.
• B)An automobile is a nondurable good.
• C)Demand for goods is more difficult to predict than demand for services.
• D)Normally patents do not protect services.

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Definitions:

Counteroffer

A proposal made in response to an original offer, modifying its terms and conditions, which effectively rejects the initial offer.

Material Term

A significant provision in a contract that notably affects the rights and obligations of the parties involved.

Elements of Offer

The criteria that must be met for a proposal to be considered a valid offer in contract law, typically including intent, definiteness, and communication to the offeree.

Revocation Exceptions

Specific circumstances under which the withdrawal or cancellation of an offer, right, or privilege is not permitted.