Which of the Following Statements Is TRUE

question 51

Multiple Choice

Which of the following statements is TRUE?

• A) Neither party can revive an offer once a counter offer has been made.
• B) The death or insanity of either the offeror or the offeree will always prevent acceptance.
• C) There cannot be a "meeting of the minds" if the offeror accepts the offeree's counter offer.
• D) An option will never come to an end by the mere lapse of time.
• E) A firm offer can be accepted any time before it is terminated.

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Definitions:

Scientific Method

A systematic approach to research where the problem is identified, relevant data are gathered, a hypothesis is formulated from these data, and the hypothesis is empirically tested.

Low-Cost

Pertaining to something that is inexpensive or affordable, often emphasizing efficiency and economy.

Historical Data

Records of past events and conditions, used to analyze trends, understand historical context, or make forecasts.

Scientific Process

A methodical approach to research and experimentation that seeks to understand natural phenomena through observation, experimentation, and data analysis.