An Acceptance Sent by Means Not Expressly or Impliedly Authorized

question 18

True/False

An acceptance sent by means not expressly or impliedly authorized is not effective until it is received.

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Definitions:

Material Effect

A significant impact or change on a company's operations, financial condition, or future prospects.

Unilateral Mistake

A situation in a contract where one party is mistaken about a critical fact of the agreement, which could potentially lead to the contract being voidable by the mistaken party.

Bilateral

Involving two parties, sides, or aspects, often referring to agreements or relationships between two entities.

Mutual Mistake

A situation in contract law where all parties involved have a mistaken belief about a vital fact upon which the contract is based.