How Are Additional Terms in an Acceptance to a Contract

question 51

Multiple Choice

How are additional terms in an acceptance to a contract viewed under the common law?

• A) They are viewed as proposed additions to the contract.
• B) They are seen as a counteroffer.
• C) They are allowed into the contract by the battle of the forms rule.
• D) They must be accepted under the mirror image rule.

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Definitions:

Agents

Individuals authorized to act on behalf of another person or entity, often in a business capacity.

Fiduciary Duty of Care

A legal obligation of one party to act in the best interest of another. When related to fiduciary duty, it specifically refers to the care that should be taken by the fiduciary.

Institutional Investors

Organizations that invest large sums of money in securities, real property, and other investment assets on behalf of their members or stakeholders.

Block of Shares

A large number of shares in a company, usually bought or sold in a single transaction.