Answer:
The offer was accepted and a binding contract has been formed.
Explanation:
The offeror (Bonnie) can revoke her offer anytime before the offeree has accepted the offer. In order for the revocation to take place, the offeree must have been notified about it.
The problem here is that before the offeree (Dale) was notified that the offer had been revoked, he had already accepted the offer. So a contract has already been formed.
In common law, the posting rule establishes that an offer is accepted as soon as it has been mailed to the offeror. So in this case, Dale accepted the offer on the 7th day, and was notified about the revocation on the 8th day. So the acceptance is prior to the revocation, therefore, the revocation is not valid. The posting rule only applies to the acceptance of the offer, not to the revocation of the offer.
Answer:
lost-update program
Explanation:
lost-update program is problem that occurs in database system when two different data or transaction are simultaneously saved on the same column and on the same row within a database. This conflict results to the loss of the first part of the saved data because it will be overwritten by the other different data for transaction.
From the question, Charles and Irene are working on the same copy of data, Charles's data overwrite Irene's leading to what is known as lost-update program
Answer:
James will need to register the business with his local state as the
name of his business differs from his own.
Explanation:
Answer:
The answer is Conglomeration
Explanation:
This is a term that describes the process by which a conglomerate is created, and a conglomerate is a corporation that owns a number of different businesses that are unrelated.
Another trait of a conglomerate is that every one of the conglomerate's subsidiaries operate independently of each other, but each subsidiary reports to the parent company.
