A Bilateral Contract Is Accepted When the Offeree

question 37

Multiple Choice

A bilateral contract is accepted when the offeree:

• A)performs the requested act.
• B)makes the promise requested by the offer.
• C)accepts the offer in silence without prior indication.
• D)makes additional inquiries regarding the terms.

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Definitions:

1933 Act

Also known as the Securities Act of 1933, this U.S. law was enacted to protect investors by requiring transparency in financial statements so investors can make informed decisions about investments.

Registration Statement

A set of documents, including a prospectus, filed with a securities regulatory agency (such as the SEC in the U.S.) by a company intending to go public, disclosing essential financial and management information.

Rule 10b-5

A regulation under the Securities Exchange Act of 1934 prohibiting any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security.

1933 Securities Act

A federal statute enacted to govern the offer and sale of securities, aiming to ensure transparency and fairness in the securities market by requiring disclosures through registration of securities.