In a Unilateral Contract, the Offer Is Accepted When The

question 39

Multiple Choice

In a unilateral contract, the offer is accepted when the:

• A) offeror verbalizes his assent.
• B) offeree attempts to perform the act.
• C) offeror puts across his promise in writing.
• D) offeree performs the requested act.

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Definitions:

Bondholder

An investor or owner of bonds issued by a corporation or government entity, entitled to receive interest payments and the return of principal.

Debt-service Requirements

This term refers to the amount of money needed to cover the repayment of interest and principal on a debt for a specific period.

Expected Future Cash Flows

The estimated amount of money that is anticipated to be generated from an investment, project, or asset over a period of time in the future.

Financial Statement Item

Any line item or component that appears in financial statements, such as balance sheet, income statement, or cash flow statement, representing a company's financial position or performance.