The Mirror Image Rule Requires an Acceptance to Adhere Exactly

question 64

True/False

The mirror image rule requires an acceptance to adhere exactly to an of-fer to create a contract.

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Definitions:

Sole Proprietorship

A company that is owned and run by just one person, with no legal separation between the owner and the business itself.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Discretionary Income

The amount of an individual's income left for spending, investing, or saving after taxes and basic necessities have been paid.

Free Market

An economic system in which prices are determined by unrestricted competition between privately owned businesses.