Which of the Following Is True Regarding Acceptance

question 51

Multiple Choice

Which of the following is true regarding acceptance?

• A) In the absence of a provision in an offer regarding how acceptance is to be made, acceptance is effective upon dispatch into a mailbox.
• B) Acceptance is never effective until it is received.
• C) An offeror may not by law specify that an offer can be accepted only by facsimile to a stated fax number and that the acceptance is not effective until actually received.
• D) An offeror may revoke an offer so long as the revocation is made before an acceptance is received.

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Definitions:

Relative Prices

The price of one good or service compared to another, usually indicating how many units of one good you can exchange for a unit of another.

Quinces

A yellow fruit that is similar to a pear in shape and is often used in cooking or making preserves due to its tart flavor.

Kumquats

Small, edible fruit resembling oranges with a sweet rind and tart flesh, often eaten whole or used in culinary dishes.

Bushel

A unit of volume that is used for measuring quantities of agricultural produce, such as grains.