What Distinguishes the Lapse of an Offer from the Rejection

question 64

Multiple Choice

What distinguishes the lapse of an offer from the rejection of an offer?

• A) An option agreement cannot lapse,but it may be rejected.
• B) Acceptance of an offer will be subject to rejection.
• C) A lapse requires a communication of deliberate intent by the offeree.
• D) Acceptance has not occurred when an offer lapses.

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Definitions:

Operating Cash Flow

Funds arising from an enterprise's standard operational processes, demonstrating whether the enterprise can generate adequate positive cash flow to support and increase its activities.

Millions

A numerical unit representing one thousand thousand, or 1,000,000, often used to quantify currency, population, or other large-scale counts.

Net Working Capital

The difference between a company's current assets and its current liabilities, indicating short-term financial health and liquidity.

Operating Cash Flow

Cash generated from the normal business operations of a company, excluding capital expenditures and investment income or expenses.