The General Rule Regarding Acceptance Is

question 29

Multiple Choice

The general rule regarding acceptance is:

• A) a reasonable acceptance is valid when sent to the offeror
• B) all acceptances are valid and binding on offerors
• C) acceptances are valid when received by offerors
• D) an acceptance will be valid only if mailed to offeror
• E) an acceptance is a void unless received by offeror within forty-eight hours of the offer

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Definitions:

General Warranty

A comprehensive guarantee that a seller gives to a buyer, covering the title and condition of property or goods.

Transfer by Deed

The act of conveying real estate ownership through a legal document known as a deed.

Deed

A legal document that represents the ownership of real property or real estate and is used to transfer title from one party to another.

Real Property

Land and any permanent structures on it, including the air above and the ground below, along with certain rights like usage and leasing.