An Offeror Must Have a Serious Intention to Become Bound

question 29

True/False

An offeror must have a serious intention to become bound by the offer.

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Definitions:

Stability Strategy

A business strategy focused on maintaining the current state of operations and avoiding risk by seeking steady growth or consistent performance.

Merger

Two organizations combine resources and become one.

Turnaround

The process of implementing significant changes in a company to reverse poor performance and return to profitability.

Liquidation

The termination of a business and the sale of its assets.