Which of the Following Statements Is True Regarding the Acceptance

question 69

Multiple Choice

Which of the following statements is true regarding the acceptance of an offer?

• A) If the offer is oral, the acceptance must be communicated to the offeror within 2 months of receiving the offer.
• B) An offeree must express assent in the form of writing.
• C) Silence or inactivity, in and of itself, constitute acceptance.
• D) Acceptance must be received by the offeror within the time period specified in the offer.

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Definitions:

In-Kind Benefit

A benefit given in the form of goods or services.

Food Stamps

Government-issued vouchers that allow individuals to purchase groceries, aimed at assisting those in low-income households.

Median Household Income

The income amount that divides households into two equal groups, half having income above that amount and half having income below that amount.

Mean Household Income

The average income across all households.