Business lawq chpt 8
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Request for Proposal | Requesting an estimate for materials to be made/work to be done. This solicitation is used by cities/states to ensure that the purchaser gets the most economical price.
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| Invitation to trade | An invitation to make an offer
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| Public offer | A gerneral offer to the public at large
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| Mailbox Rule | A rule that states than an acceptance sent via the postal system or by courier is effective when sent
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| Counteroffer | A conditional, or qualified acceptance of an offer
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| Termination by lapse of time | When the offeree fails to accept an offer within the time specified, the opportunity for a contract ends.
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| Revocation | The calling back of an offer by the offeror before the offer has been accepted or rejected
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| Rejection | Refusal to accept; Termminates the offer
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| Option Contract | A contract that has a provision to keep an offer open for a certain period of time.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Masterkenny12
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