Which of the Following Statements Is TRUE

question 46

Multiple Choice

Which of the following statements is TRUE?

• A)If no time limit is set an offer expires within a reasonable amount of time
• B)A failure to reject an offer is in law an acceptance.
• C)Merely clicking on the "I accept" button of an offer made by computer is binding acceptance.
• D)Once the offeree has made a decision to accept an offer, there is a binding contract.
• E)An oral acceptance is valid in an agreement to purchase real estate

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Definitions:

Insurance Annuity

An insurance product that pays out income, typically used as a retirement strategy to provide individuals with a steady income in their post-work years.

Rate of Return

Net profit or net loss from an investment during a specified time span, presented as a percentage of the investment's initial financial input.

Monthly Payments

Regular payments made every month on a loan or mortgage over a set period, often including interest and principal.

Years

Units of time that represent the period it takes for the Earth to complete one orbit around the Sun, commonly used to measure durations or age.