Which of the Following Statements Is TRUE

question 35

Multiple Choice

Which of the following statements is TRUE?

• A)An offer is automatically terminated as soon as it is accepted by one person.
• B)An invitation to treat indicates that the offeror is willing to receive an acceptance.
• C)A comfort letter is used if at least one party does not have an intention to create legal relations.
• D)The courts use a subjective test to determine whether a statement is an offer or an invitation to treat.
• E)An invitation to treat indicates that the offeree is willing to receive an acceptance.

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Definitions:

Per Capita GDP

The total Gross Domestic Product of a country divided by its population, indicating the average economic output per person.

Per Capita Income

The average income earned per person in a given area or country, calculated by dividing the total income by the population size.

Economic Growth

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.

Life Expectancy

The average number of years a person is expected to live based on demographic factors such as current age and gender, typically derived from statistical analysis.