Under Common Law Which of the Following Statements Is Correct

question 20

Multiple Choice

Under common law which of the following statements is correct?

• A)An offer will lapse after a reasonable time if the offer did not specify a time for acceptance.
• B)An offer cannot be made to a class of people.
• C)Silence can be taken to mean acceptance.
• D)Acceptance has to be genuine but does not need to be communicated.

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Definitions:

Closing Stock Price

The final price at which a stock is traded on a given trading day.

75th Percentile

A value below which 75% of the data points in a distribution fall, also known as the third quartile.

sample Data

Collected portions of data from a population used to infer or estimate characteristics of the entire population.

Covariance

A measure of how much two random variables change together.