If an Offeree Accepts an Offer Before It Is Effectively

question 21

Multiple Choice

If an offeree accepts an offer before it is effectively revoked:

• A) a void contract is formed.
• B) a voidable contract is formed.
• C) an unenforceable contract is formed.
• D) a valid contract is formed.

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Definitions:

International Trade

The exchange of goods, services, and capital between countries or territories, promoting global economic integration.

Trade Deficit

A scenario in which the value of a nation's imports of goods and services surpasses the value of its exports.

C + I + G + Xn

An equation representing the Gross Domestic Product (GDP) calculated by adding Consumption (C), Investment (I), Government Spending (G), and Net Exports (Exports minus Imports, Xn).

C + I + G

An economic formula representing the total aggregate demand in an economy, comprising Consumption (C), Investment (I), and Government spending (G).