Which of the Following Will Be Considered a Binding Contract

question 10

Multiple Choice

Which of the following will be considered a binding contract by American law?

• A)Laura offers to give Kenneth a novel if he promises to pick it up from her house.Kenneth accepts.
• B)Edward offers a jacket to Sandra.Sandra accepts.
• C)Brian offers to drop Karen home from the party.Karen accepts.
• D)Michelle offers Mark a camera in exchange for Mark's promise to pay $ 100.Mark accepts.
• E)Betty offers to give Andrew an antique clock if he proves himself worthy of it.Andrew accepts.

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Definitions:

Managerial Accounting

The practice of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the pursuit of an organization's goals.

Objective

A specific goal or target that an organization or individual aims to achieve, often defined in measurable terms.

Property Tax

Taxes levied by local governments on real estate and sometimes other forms of personal property.

Selling Price

The amount a good or service is sold for in the market.