Joe Sends Sanjay an Offer Via Email from His Toronto

question 139

Multiple Choice

Joe sends Sanjay an offer via email from his Toronto office. The offer contains a provision indicating the offer expires at 5:00 p.m. Toronto time. Sanjay, who lives in Vancouver, replies accepting Joe's offer at 4:00 p.m. Vancouver time. Joe received Sanjay's email acceptance at 9:00 a.m. the next day. Which of the following statements is true? (Note the three hour time difference between Toronto and Vancouver)

• A) Joe and Sanjay had a binding contract, since Sanjay had accepted by 4:00 p.m. Vancouver time.
• B) Once Sanjay had sent his email, a binding contract had been formed, regardless of what time Joe had received the email.
• C) Joe's offer had expired.
• D) The contract became binding once Joe had made the offer.
• E) A binding contract was formed once Joe opened Sanjay's email acceptance the next day.

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Definitions:

Null Hypothesis

A hypothesis in statistical analysis that proposes there is no significant difference or effect, often tested in order to be rejected in favor of an alternative hypothesis.

Research Hypothesis

A statement predicting the nature of the relationship between two or more variables of interest in a study.

Null Hypothesis

A statement or assumption that indicates no statistical significance exists in a set of given observations, serving as the default position that there is no effect or difference.

Alternative Postulates

Hypotheses or statements made as alternatives to the main hypothesis, often used in contrasting experimental conditions.