If an Offer Requires That Acceptance Be Communicated by a Specific

question 46

Multiple Choice

If an offer requires that acceptance be communicated by a specific date and the acceptance is properly dispatched by the offeree on the final date,

• A) no contract is formed, since the offeror will undoubtedly receive the dispatched acceptance after the deadline for acceptance.
• B) a contract is formed, but the contract is voidable at the election of the offeror.
• C) the acceptance is timely and a contract is formed, even though the offeror actually receives the acceptance well after the specified date has passed.
• D) the acceptance is timely and a contract is formed, but only if the offeror actually receives the acceptance by the deadline specified for acceptance.

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Definitions:

FTC

The Federal Trade Commission, a US federal agency aimed at preventing anticompetitive, deceptive, and unfair business practices.

Consumer Harm

Negative impacts experienced by consumers due to unethical business practices, defective products, or fraudulent activities.

FTC Adjudicative Proceeding

Is a formal process used by the Federal Trade Commission to resolve complaints against businesses for practices that violate federal laws protecting consumers.

Imprisonment

The act of confining someone in a prison or similar facility as a form of punishment for committing a crime.