An Acceptance Is Effective as Soon as It Is Dispatched

question 32

Multiple Choice

An acceptance is effective as soon as it is dispatched:

• A)if the offeree uses only an authorized means of communication.
• B)if the offeree uses only a stipulated means of communication.
• C)if the offeree uses an authorized or a stipulated means of communication.
• D)if the offeree uses any reasonable means of communication.

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Definitions:

Chapter 11

A provision of the United States Bankruptcy Code that permits businesses to reorganize their debts while continuing to operate.

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, and investment firms.

Chapter 11

A provision under the U.S. Bankruptcy Code that allows for business reorganization under court supervision while maintaining operations.

Chapter 7

A provision under the U.S. Bankruptcy Code allowing individuals or businesses to liquidate their assets to pay off creditors as part of a bankruptcy proceeding.