Define the offer-acceptance and consideration

Assignment Help Microeconomics
Reference no: EM13695069

Define EACH of the following:

Offer

Acceptance

Consideration

Forebearance to sue

These are “Definition” Questions.

Format each of your Answers as follows:

Definition (quote from the Textbook, with page number)

Explanation in your own words

Example (either your own or one that is in the Text)

Find a website that supports and further explains your answer (not one that I have included in our Course; include the website in your answer)

 

The Book is:  Business Law: The Ethical, Global, and E-Commerce Environment (15th Ed.)

Reference no: EM13695069

Questions Cloud

Use ad-as diagrams to explain short-run and long-run effects : Use AD-AS diagrams to explain the short-run and long-run effects of each of the following events on output and the price level. Assume that policymakers take no action. A severe earthquake damages factories along the west coast.
What was the velocity of money and price level : Suppose that in 2009 the money supply was $100 billion and real GDP was $300 billion. In 2010, money supply increased by 10 percent and real GDP increased by 5 percent. Nominal GDP in 2010 was $660 billion. What was the price level in 2010? What was ..
Seafood processing operations : In response to the new federal regulation to provide the public with safe and wholesome seafood, an Alaska seafood processor is considering two new sanitation control systems to help monitor its seafood processing operations.
Firm has three independent projects under consideration : A firm has three independent projects under consideration each with a required rate of return of 10%/ The total projects budget is only $2,000. Project X has an initial investment of $2,000 and a single cash flow in year one of $2,360.
Define the offer-acceptance and consideration : Define EACH of the following: Offer, Acceptance, Consideration, Forebearance to sue
Calculate equilibrium price and quantity assuming two firms : Suppose that the demand for a product is given by P=200-2Q where Q is total industry output. The market is occupied by two firms, each with constant marginal costs equal to $8. Calculate the equilibrium price and quantity assuming the two firms compe..
Intended effect on the economy using the as-ad model : Identify each of the following policies as either fiscal policy or monetary policy and explain why for each question. The cash for clunkers program which provided a tax credit for purchasing a new vehicle.
An interesting example of strategic behaviour : An interesting example of strategic behaviour comes from a 1997 article about Microsoft’s investment in Apple (New Straits Times, 1997). The article is included in the Required Readings list. Facing tough anti-trust scrutiny from government agencies,..
Produce a marginal cost analysis : Launch the data file to get started. Print or copy the data table before continuing to step two. Determine a product market (a specific good or service) appropriate to the prices listed. Make this the title of your graph and data table.

Reviews

Write a Review

Microeconomics Questions & Answers

  Describe the changes in supply and demand creating the

supply and demand are foundational concepts in understanding economic theory. whether you are a coffee drinker or not

  Idea of economic rent for exceptionally productive inputs

Describe why in competitive markets there can be profit or producer surplus in the short run but not the long run. Include the idea of "economic rent" for exceptionally productive inputs. Then imagine a firm with the same cost structure however in ea..

  Determine the federal funds interest rate if the wants to

why are banks able to maintain reserves that are only a fraction of the demand and savings deposits of their customers?

  Suppose that marginal utility of good a is 4 times the

suppose that marginal utility of good a is 4 times the marginal utiltiy of good b but the proce of good ais only 2

  Write one page about real-life situation where you need to

write one page about a real-life situation where you need to negotiate. describe this process. please illustrate how

  Income statement for sizzling foods inc is shown

income statement for sizzling foods inc. is shown belownbspnbspnbsp2011nbsprevenuesrevenue from sales of goods and

  Equilibriums you change only general price level of economy

Use a Keynesian Cross Diagram to derive an AD curve. (Hint: Place the Keynesian Cross Diagram above the AD Diagram and find the equilibriums when you change only the general price level of the economy.)

  How much will each deposit be

Payments to the fund will be made quarterly, starting theee months from now. If the interest rate for the sinking funs is 8% compound quarterly, how much will each deposit be?

  Cultural influences

Cultural influences.

  Find the number of labor that the firm should hire

b. Find marginal product. Find the number of labor (L) that the firm should hire to maximize marginal product. c. Find the number of labor (L) that the firm should hire to maximize total product of labor. d. Find the number of labor (L) that the firm..

  Xyz common currently sells for 3share you believe that

xyz common currently sells for 3share. you believe that one-month hence the stock could be worth 8 or could be

  Determine the annual holding costs

Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,000 units.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd