In Determining Whether the Offeree Accepted the Offer, the Court

question 4

Multiple Choice

In determining whether the offeree accepted the offer, the court looks for the offeree's _____ intent to contract.

• A) present
• B) future
• C) subjective
• D) revocable

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Definitions:

Budgeted Sales

The projected amount of sales revenue a company expects to receive within a specific period, as part of its financial planning process.

Credit Sales

Credit sales are transactions where the customer purchases goods or services on account, agreeing to pay the supplier at a later date.

Finished Goods Inventory

The stock of completed products that are ready to be sold by a company.

Raw Materials Inventory

The stock of basic materials that are used in the manufacturing process and are awaiting to be processed.