Examlex
Yewston Hotel bases its budgets on guest-days. The hotel's static budget for April appears below:
-The total variable cost at the activity level of 3,200 guest-days per month should be:
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Accepted
Accepted in legal and commercial contexts refers to the express or implied agreement to the terms of an offer, thereby creating a binding contract.
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Documents or agreements that become effective immediately upon execution or fulfillment of certain conditions.
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A principle in contract law that requires the acceptance of a contract offer to be identical to the offer for a legally binding agreement to be formed.
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