Under the Uniform Computer Information Transactions Act,when an Offer Is

question 91

True/False

Under the Uniform Computer Information Transactions Act,when an offer is silent about the offer being conditioned on the acceptance of all terms of the offer,if the offeree purportedly accepts but alters the terms of the offer in doing so,it is treated as a simple rejection of the offer.

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Definitions:

Rate of Return

The gain or loss on an investment over a specific period, expressed as a percentage of the investment's initial cost.

Interest Rate

The fee, shown as a percentage of the principal, that a lender requires from a borrower for the utilization of assets.

Purchase

The act of acquiring goods or services in exchange for money, constituting a financial transaction.

Compounded Annually

Refers to the process of earning interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.