Can Silence Be Considered Acceptance of an Offer

question 123

Multiple Choice

Can silence be considered acceptance of an offer?

• A) no, not in any circumstance
• B) yes, in all circumstances
• C) yes, in connection with any offer that clearly indicates that silence will be considered acceptance
• D) In most cases silence cannot be considered acceptance, but there are several situations where silence can be considered acceptance.
• E) only if the parties have no express agreement that silence cannot be considered acceptance

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Definitions:

Price Decreases

A reduction in the cost at which goods or services are sold, leading to an increase in the quantity demanded.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, often reflected as a measure of producer welfare.

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive.

Phantom Tickets

Phantom tickets typically refer to tickets for an event that are sold or promised to a customer but do not actually exist or are not delivered, leading to potential scams or fraud.