Which of the Following Actions Constitutes Acceptance of an Offer

question 21

Multiple Choice

Which of the following actions constitutes acceptance of an offer?

• A)Offeree made material alterations to the terms of the offer
• B)Offeree intended to enter the contract only if requisite changes were made
• C)Offeree reflected assent to the terms of the offer in the requisite manner
• D)Offeree suggested addition of new terms that were earlier not addressed in the offer

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Definitions:

Liquidated

The process of converting assets into cash or cash equivalents by selling them in order to pay off debts or obligations.

Claims of Creditors

Rights to payment or other financial assets held by creditors of a business, typically arising from loans or credit extended to the business.

Assets Sold

This refers to items of value owned by a company that have been sold off, including property, equipment, or other resources.

Equity of Partnership

Equity of Partnership represents the ownership interest of each partner in a partnership, essentially the residual interest in the partnership's assets after deducting its liabilities.