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Can an Offer Be Accepted If It Is Not Communicated

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Can an offer be accepted if it is not communicated to the offeree by the offeror? Explain with an example.


Definitions:

Annual Rate of Return

The percentage return expected on an investment over a one year period.

Decision Rule

A decision rule is a guideline or criterion established for making decisions under conditions of uncertainty, aiming to achieve the best result based on available information.

Incremental Costs

Costs that change with the decision to produce more or less product or to undertake one action over another.

Incremental Processing

A method or process that involves analyzing the additional costs or benefits that arise from producing one additional unit of a product or offering one additional unit of service.

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