A(n) _____ is a commitment with certain terms made to another party.

Question

Quizplus · Accepted Answer

An offer is a commitment with certain terms made to another party in a contract. An award is typically granted as a recognition or prize, not a commitment. Acceptance is the act of agreeing to the terms of an offer, but it is not the initial commitment itself. Consideration refers to something of value exchanged in a contract, but it is not the commitment itself.

A(n) _____ Is a Commitment with Certain Terms Made to Another