Multiple Choice
Reba works for a major bank.The revised employee handbook that she received five years ago says that all employees with 25 years of service will receive a gold watch.She is about to hit 25 years of service and has announced her retirement.Her manager tells her that the company,based on her years of service,will throw her a party and present her with a gold watch.Reba retires on her 25th anniversary and her manager announces that the company will not throw the party or give her the watch..
A) Because of past consideration, no party or watch is owed.
B) The company is required to throw the party, but no watch is owed.
C) The company is required to present her with the watch, but no party is owed.
D) The company is required to present her with the watch and throw her the party.
E) Because Reba didn't accept the offer, no party or watch is owed.
Correct Answer:

Verified
Correct Answer:
Verified
Q109: Which of the following is true regarding
Q110: The offer can stipulate that acceptance must
Q111: An offer terminates if the subject matter
Q112: The acceptance-upon-dispatch rule is more commonly called
Q113: A statement such as "Are you interested
Q115: The person to whom the offer is
Q116: An offer can be accepted only by
Q117: Unless otherwise stated,an offer made "face-to-face" or
Q118: To be enforceable,a contract must arise from
Q119: Unless otherwise expressly stated,an auction is considered