Chapter07_Answers - Chapter 7 Assessment Answers Matching...

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Chapter 7 Assessment Answers Matching Key Terms 1. b 4. i 7. f 10. g 2. e 5. c 8. d 3. a 6. j 9. h True/False Quiz 11. T 14. F 17. T 20. F 12. T 15. T 18. T 13. T 16. T 19. T Discussion Questions 21. Uncertainty in offers and acceptances can result from verbal communications and faulty memories. For this reason, practical, significant details should be in writing. Even in written communications, ambiguity in meaning—especially where languages are different—can be avoided by precise description. 22. The advantages of having written offers and acceptances over spoken ones are that there will be less confusion and fewer legal disputes. 23. Numerous time factors might be important in offers and acceptances including: the availability of shipping and storage facilities, limited quantities available, perishability of goods, and others. 24. When no definite time for acceptance is stated in an offer, it terminates after a reasonable time has passed, which will vary with the circumstances. 25.
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This note was uploaded on 04/23/2010 for the course FINA 8645 taught by Professor Smith during the Spring '10 term at Rensselaer Polytechnic Institute.

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Chapter07_Answers - Chapter 7 Assessment Answers Matching...

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