Under the Common Law, an Acceptance Cannot Deviate from the Terms

question 21

Multiple Choice

Under the common law, an acceptance cannot deviate from the terms of the offer without being considered either a rejection or a counteroffer. Under UCC Article 2:

• A) an acceptance is not valid if the offeree's acceptance contains different terms from those in the offer
• B) an acceptance is valid when the parties intend to form a contract⎯even though the offeree's acceptance contains different terms from those in the offer
• C) an acceptance is only valid if it occurs in writing
• D) an acceptance is only valid if it is communicated verbally
• E) an acceptance is only valid if it is made within 3 months of the offer

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Definitions:

Return on Equity

A measure of a corporation's profitability, calculated as net income divided by shareholders' equity, indicating how effectively equity is being used.

Return on Assets

A measurement of profitability indicating how efficiently a company uses its assets to generate earnings.

Return on Debt

A measure of a company's profitability based on its total debt, indicating how effectively a company uses its borrowing.

Bankruptcy Costs

The expenses associated with the legal process of declaring an entity unable to pay its debts, including court fees, lawyer fees, and administrative costs.