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nika2105 [10]
3 years ago
10

A manager at Blue Cross asks Office Supply, Inc. (OSI) if it will provide 500 boxes of letter size paper. OSI agrees, arranges f

or the delivery of the paper, and sends an invoice to Blue Cross. The invoice contains an arbitration clause. Blue Cross accepts the goods and pays OSI. Later, the two companies get in a dispute, and OSI attempts to force the dispute into arbitration. A court would likely find the arbitration clause
Group of answer choices

valid, because the UCC does not apply to this sale

invalid, because under the UCC the acceptance must mirror the offer

invalid, because common law requires the acceptance be a mirror image of the offer

valid, because under the UCC the acceptance does not have to mirror the offer
Business
1 answer:
BigorU [14]3 years ago
4 0

Answer:

Invalid, because under the UCC the acceptance must mirror the offer

Explanation:

§ 2-207 of the Uniform Commercial Code (UCC) enforces the mirror image rule. The mirror image rules states that in order for a valid contract to be formed, the offeree (Office Supply) must accept all the terms included in the offer (by Blue Cross) and cannot modify or add any terms. Any term that changes the original offer results in no contract.

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Explanation:

The M2 definition of money includes M1 money and then some other types of instruments that are quite highly liquid and so can be converted to liquid cash quickly if needed.

M2 includes:

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3 years ago
True/False: The most accurate method to calculate the amounts in a budget is to apply a specific percentage of increase or decre
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2 years ago
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Grain's alternative corporation has a predicted operating income of 80,000. The managerial accountant reported that total variab
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Answer:

Number of units needed to reach the operating income of 80,000: 5,200 units

Explanation:

Please find the below for detailed calculations and explanations:

To achieve $80,000 of operating income, denote the number of units needs to be sold is x.

For each unit sold, the incremental in profit will be 20.

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8 0
3 years ago
When economists refer to "demand," they are speaking of:a) how much everyone wants of all products bought and sold in the nation
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Answer:

d) all of the above.

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All of the above statement correspond to different definitions of demand that economists use on a daily base.

Statement A) refers to aggregate demand, which is roughly equivalent to GDP.

Statement A.2) refers to demand schedule, which is also simply referred to as demand in the press, or in informal contexts.

Statement B) refers to an equilibrium quantity demanded, which occurs when supply and demand meet under an equilibrium price.

Statement C) refers to quantity demanded because it is not always relevant, when talking about demand, whether the good demanded is a necessity or a luxury.

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3 years ago
In a market economy, supply and demand are important because they a. play a critical role in the allocation of the economy’s sca
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Answer:

The answer is: D) All of the above are correct.

Explanation:

Theoretically in a market economy, the supply and demand of goods should play a critical role in the allocation of resources. One basic rule in economy is that resources are scarce, and the demand and supply helps us obtain the maximum benefit from our scarce resources.

The supply and demand should tell us how much of a good or service should be produced to reach an equilibrium point were both suppliers and consumers are satisfied.

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