Lisa Enters into a Contract with Acme Groceries,Inc

question 43

Multiple Choice

Lisa enters into a contract with Acme Groceries,Inc. ,in which she promises to purchase groceries "as she determines appropriate in the future" from Acme,and Acme promises to sell such groceries to Lisa.This is an example of:

• A)Adequate consideration;a promise for a promise.
• B)An illusory promise by Lisa.
• C)An output contract.
• D)An option contract.
• E)A requirements contract.

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Definitions:

Network Structures

Refers to the organized arrangement of interrelated elements or nodes in a network, enabling communication and interaction within a system or organization.

Lean and Streamlined

Approaches or systems that are designed to maximize efficiency by eliminating waste and unnecessary processes.

Technology Control

The management and regulation of the development, application, and dissemination of technology.

Formal Authority

The power given to an individual or entity based on their position within an organization, enabling them to enforce rules and make decisions.