When the Method Used by an Offeree to Accept Is

question 83

True/False

When the method used by an offeree to accept is unauthorized, the traditional rule is that the acceptance is effective when received by the offeror, provided that it is received within the time during which the authorized means would have arrived.

---

Definitions:

Total Tax

The combined amount of all taxes imposed by different levels of government on individuals or businesses.

Average Tax Rate

The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), expressed as a percentage.

Taxable Income

The amount of an individual's or a corporation's income used to determine how much tax they owe, after exemptions and deductions are factored in.

Marginal Tax Rate

The rate of tax applied to the next dollar of taxable income, indicating the percentage of any additional income that will be taken as tax.