An Acceptance Must Be Unequivocal to Create a Contract

question 59

True/False

An acceptance must be unequivocal to create a contract.

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Definitions:

Increases

Describes an upward trend in numerical value or volume.

Bond Ratings

Assessments of the creditworthiness of corporate or governmental bonds, reflecting the issuer's ability to make bond payments, issued by rating agencies.

Creditworthiness

An assessment of a borrower's ability to repay debts in a timely manner, typically considered by lenders before issuing credit.

Investment Grade

A rating that indicates a bond or other security is considered low risk by rating agencies, making it an attractive investment for conservative investors.