Assume an Offeree Mails a Rejection to the Offeror on November

question 77

Multiple Choice

Assume an offeree mails a rejection to the offeror on November 1. This rejection arrives at the offeror's place of business on November 5. In the meantime, on November 4, the offeree sends the offeror an acceptance that arrives November 6. Which of the following statements correctly describes the situation?

• A) There was no contract.
• B) There was a contract since the acceptance was mailed prior to the time the rejection was received.
• C) There was no contract because the rejection was mailed first.
• D) There was no contract because the acceptance was mailed more than three days subsequent to the rejection.

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Definitions:

Degaussing

The process of decreasing or eliminating a remnant magnetic field, commonly used to erase data from magnetic storage media or to reduce magnetic interference.

Low-Level Formatting

The process of outlining the positions of tracks and sectors on a hard disk drive or other storage devices, preparing it for the high-level formatting.

Hard Drives

Hard drives are data storage devices used for storing and retrieving digital information using rapidly rotating disks coated with magnetic material.

Drilling

The process of cutting or boring holes through solid materials using a drill.