In a Unilateral Contract, Acceptance Is Effective When the

question 24

Multiple Choice

In a unilateral contract, acceptance is effective when the

• A) offeree communicates the acceptance to the offeror.
• B) offeree performs the act requested.
• C) offeror performs the act requested.
• D) offeree promises to perform the act requested.

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Definitions:

Borrowed

The act of receiving something with the intention to return it, often referring to money in financial contexts.

Matured

Used to describe financial instruments or investments that have reached their due date for payment or realization.

Investment

Allocation of resources, usually money, with the expectation of generating an income or profit.

Income Tax Overpayment

A situation where an individual or entity has paid more income tax to the government than was actually owed.