When Does Acceptance of an Offer to Enter into a Unilateral

question 9

Multiple Choice

When does acceptance of an offer to enter into a unilateral contract generally occur?

• A) Upon notice of intent to accept by the offeree.
• B) Upon full performance by the offeror.
• C) Upon commencement of performance by the offeree.
• D) Upon full performance by the offeree.

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Definitions:

Debt-to-Equity Ratio

A measure of a company's financial leverage indicating the proportion of company financing from debt compared to equity.

Balance Sheet

A Balance Sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Corporation

A legal entity owned by shareholders, offering limited liability and existing independently of its owners.

Times Interest Earned

A financial metric indicating how many times a company's operating income can cover its interest expense, used to assess financial stability.