When an Offeror Invites Acceptance by Mail,it Is Possible for the Offeror

question 37

True/False

When an offeror invites acceptance by mail,it is possible for the offeror to state in the offer that the offer will only become a contract once acceptance is actually received by the offeror.That is,the postal rule does not apply even though an invitation to acceptance by mail was given.

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Definitions:

Dispersed Distribution

Refers to how spread out or scattered the data points are within a distribution.

Weighted Mean

An average in which each quantity to be averaged is assigned a weight, reflecting its importance or frequency.

Geometric Mean

The nth root of the product of n numbers, used to calculate average rates of return or growth over time for variables that fluctuate multiplicatively.

Data Value

A specific piece of information, often numerical, that is collected, analyzed, or stored as part of a data set.