If an Offer Requires That Acceptance Be Communicated by a Specific

question 46

Multiple Choice

If an offer requires that acceptance be communicated by a specific date and the acceptance is properly dispatched by the offeree on the final date,

• A) no contract is formed, since the offeror will undoubtedly receive the dispatched acceptance after the deadline for acceptance.
• B) a contract is formed, but the contract is voidable at the election of the offeror.
• C) the acceptance is timely and a contract is formed, even though the offeror actually receives the acceptance well after the specified date has passed.
• D) the acceptance is timely and a contract is formed, but only if the offeror actually receives the acceptance by the deadline specified for acceptance.

Distinguish between qualitative and quantitative approaches to narrative analysis.

Recognize the importance of context, audience, and metaphor in rhetorical and critical analyses.

Understand and identify the symptoms and effects of groupthink in decision-making processes.

Recognize the factors that contribute to altruistic behavior and the role of negative state relief.

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Definitions:

Lockup Agreement

A contractual provision preventing insiders of a company from selling their shares for a certain period of time following an initial public offering (IPO).

Secondary Equity Offerings

Public sale of previously issued stock held by large investors or company insiders, often to raise additional capital.

Debt Securities

Financial instruments indicating that money has been borrowed and must be repaid, such as bonds, notes, and bills.

Issuing Debt

The act of a corporation or government borrowing money from investors by issuing bonds, notes, or other forms of debt securities.