Assume Diana Buys Computers in a Competitive Market

question 4

Multiple Choice

Assume Diana buys computers in a competitive market.It follows that

• A)Diana has a limited number of sellers to turn to when she buys a computer.
• B)Diana will find herself negotiating with sellers whenever she buys a computer.
• C)if Diana buys a large number of computers,the price of computers will rise noticeably.
• D)None of the above is correct.

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Definitions:

Common Law Of Contracts

A legal framework derived from court judgments and customs, governing the creation and enforcement of contracts.

Mirror Image Rule

A legal doctrine stating that an offer must be accepted exactly without modifications for a contract to be valid.

Contract Interpretation

The process of determining the meaning of the terms and provisions within a contract, often involving analysis of language, context, and intent of the parties.

Standard Construction Rule

Principle in legal interpretation that mandates the use of ordinary or commonly accepted meanings of words, in the absence of specific definitions.