An Offer Must Be Communicated to the Offeree in Order

question 84

True/False

An offer must be communicated to the offeree in order for the offer to be effective.

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Definitions:

Computer Algorithms

Step-by-step procedural instructions used for data processing and automated reasoning, often utilized in trading and investment decision-making processes.

Preliminary Registration Statement

A document submitted by a company to securities authorities detailing a planned offering of securities, subject to change before it becomes final.

Securities And Exchange Commission (SEC)

A U.S. federal agency responsible for enforcing federal securities laws, regulating the securities industry, and ensuring that the nation's securities exchanges and markets operate fairly and honestly.

Initial Public Offering (IPO)

The first sale of stock by a private company to the public, transitioning it into a publicly traded company.