In General,who Can Effectively Accept an Offer for a Unilateral

question 19

Multiple Choice

In general,who can effectively accept an offer for a unilateral contract?

• A) any person who performs the action requested in the offer, which can occur either before or after learning of the offer
• B) any person who performs the action requested in the offer, so long as the offer had been communicated to that person prior to the performance of the act
• C) any person who promises to perform the action requested in the offer, which can occur either before or after learning of the offer
• D) any person who promises to perform the action requested in the offer, so long as the offer had been communicated to that person prior to the making of the return promise
• E) any person willing to perform the contractual duties before being paid

---

Definitions:

Credit Memo

A document issued by a seller to a buyer, reducing the amount the buyer owes to the seller under the terms of an existing invoice, often due to a return or a rebate.

Bank Reconciliation

The process of matching and comparing the account balance according to the bank statement with the balance recorded in the company’s own accounting records to identify discrepancies.

Risk Assessment

The process of identifying, analyzing, and evaluating the levels of risk facing an entity, project, or investment.

Bank Reconciliation

is the process of matching the balances in an entity’s accounting records for a cash account to the corresponding information on a bank statement, to ensure records are consistent.