Under the Mailbox Rule,an Acceptance Becomes Valid When It Is

question 63

True/False

Under the mailbox rule,an acceptance becomes valid when it is dispatched.

---

Definitions:

Manufactured

The process of converting raw materials into finished goods through the use of equipment, labor, and processes.

Business Trust

A business organization governed by a group of trustees who operate the trust for beneficiaries.

Trustees

Trustees are individuals or organizations appointed to manage assets on behalf of others, typically in a trust fund.

Beneficiaries

Beneficiaries are individuals or entities designated to receive benefits or assets under a legal instrument, such as a will, trust, or insurance policy.