Which of the Following Statements About Offers Is True

question 50

Multiple Choice

Which of the following statements about offers is true?

• A)Any definite offer made by a merchant is a "firm offer" under the UCC.
• B)An offer is effective upon dispatch.
• C)A grumbling acceptance is a rejection and terminates the offer.
• D)The death of the offeror will terminate the offer immediately.

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Definitions:

Damages

Financial compensation awarded to a party in a lawsuit for loss or injury suffered due to another party's actions or negligence.

Bottle of Pop

A colloquial term referring to a sealed container filled with a carbonated soft drink.

Installment Plan

A payment method allowing a purchaser to pay for goods or services over a period of time in regular, fixed amounts.

Finance Company

A company that makes loans to individuals and/or businesses.