If an Offer States That a Reply Must Be Received

question 12

True/False

If an offer states that a reply must be received by a certain date,the contract is formed at the time the offeree sends or dispatches the acceptance.

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Definitions:

Expansion Opportunities

Opportunities for a business to grow, either through entering new markets, increasing product lines, or acquiring other businesses.

Sole Proprietor

An individual who owns and operates a business alone, bearing sole responsibility for its operations and liabilities.

Dissolve

To disperse or disappear into a solution, or in a corporate context, to legally terminate a company.

Domestic Corporation

A corporation that is registered and operates within its country of incorporation.