Brady Accepts What He Believes Is an Offer to Work

question 20

Multiple Choice

Brady accepts what he believes is an offer to work for Canyon River Adventures,Inc.,as a tour and fishing guide.In determining whether a contract has been formed,an element of prime importance is

• A)the price to be paid.
• B) the duration of the work.
• C)the intent of the parties.
• D)the subject of the contract.

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Definitions:

Taxation

The process by which governments charge fees on individuals and corporations to fund public spending.

Loanable Funds

Refers to the market where savers supply funds for loans to borrowers.

Durable Consumer Goods

Products that are not consumed or destroyed in use and are able to provide utility over time, such as appliances, cars, or furniture.

Loanable Funds

The money available for lending and borrowing in the financial markets.