Which of the Following Statements Is TRUE

question 60

Multiple Choice

Which of the following statements is TRUE?

• A)The death or insanity of either the offeror or the offeree will always prevent acceptance.
• B)An option will never come to an end by the mere lapse of time.
• C)Neither party can revive an offer once a counter offer has been made.
• D)A firm offer can be accepted any time before it is terminated.
• E)There cannot be a "meeting of the minds" if the offeror accepts the offeree's counter offer.

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Definitions:

Message Sent

The information that has been transmitted or conveyed from one individual or entity to another.

Message Received

The conveyance and understanding of a communicated idea or information by the intended recipient.

Encoding

The process of converting information into a form that can be transmitted and understood by a receiver.

Meeting

A gathering of individuals or groups to discuss, decide, or collaborate on topics and issues, often with a structured agenda.