All of the Following Communications Are Offers That Are Obviously

question 16

Multiple Choice

All of the following communications are offers that are obviously not made with the intent of entering into a valid enforceable agreement EXCEPT those made:

• A) under severe emotional strain.
• B) in anger.
• C) through electronic means.
• D) in jest.

---

Definitions:

Net Assets

The total assets of a company minus all of its liabilities, representing the owners' equity.

Liabilities

Obligations of a company or organization due to past transactions or events, resulting in the future sacrifice of economic benefits.

Stockholders' Equity

The ownership interest of shareholders in the assets of a corporation, after all liabilities have been subtracted.

Accounts Payable

The amounts owed by a business to its suppliers or creditors for goods and services received, representing short-term liabilities.