If an Offer Asks for Acceptance by Mail and the Offeree

question 25

Multiple Choice

If an offer asks for acceptance by mail and the offeree faxes his acceptance:

• A) there is no contract,and the offer is revoked.
• B) there is a contract if the acceptance is actually received within the time the authorized means would have arrived.
• C) the acceptance is merely a counteroffer.
• D) there is a contract,but only if the offeree calls the offeror and gets permission to fax the acceptance.

---

Definitions:

Fair Labor Standards Act

A federal law in the United States that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers.

Employees

Individuals hired by a business or organization to perform work in exchange for compensation.

FICA Taxes

Taxes imposed on both employers and employees to fund Social Security and Medicare in the United States.

Retirement Benefits

Payments or other benefits provided to employees after they retire, such as pensions or health insurance.