The broad duties of a business that are needed to obtain the support of society are called its social contract.

All of the following terminates an existing offer to purchase real estate except:

a. when the buyer revokes the offer after the seller's acceptance has been communicated. b. the lapse of time as written in the offer. c. submission of a counteroffer. d. the death of the buyer before the seller's acceptance has been communicated.

Due to unstable world markets, most large U.S. corporations do almost all of their business in the

United States. Indicate whether the statement is true or false