For an Offer to Be Effective, the Offeror Must

question 58

Multiple Choice

For an offer to be effective, the offeror must

• A) have the intent to be bound by the offer.
• B) be over the age of twenty-one.
• C) be financially independent.
• D) have the intent to be bound by the offer and be financially independent

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Definitions:

Equity Crowdfunding

A method of raising capital through the sale of shares in a company to a large number of investors, typically through online platforms.

JOBS Act

The Jumpstart Our Business Startups Act is legislation in the United States intended to encourage the funding of small businesses by easing various securities regulations.

Dow Jones

An American stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States.

Kickstarter

An online crowdfunding platform where individuals can donate money to support creative projects and ventures in exchange for rewards or equity.