The Intention to Enter into a Con-Tract Is Judged by Objective

question 65

True/False

The intention to enter into a con-tract is judged by objective facts as interpreted by a reasonable person.

---

Definitions:

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on market conditions, customer characteristics, or the nature of the purchase.

Discounts

Reductions on the regular price of goods or services, usually offered to encourage purchases.

Volume Based

A pricing or cost method where charges are dependent on the quantity of units produced or handled.

Forward Buying

The practice of purchasing stock in larger quantities than normal in anticipation of price increases or demand spikes.