If an Offer Does Not State a Time for Acceptance,it

question 18

Multiple Choice

If an offer does not state a time for acceptance,it is:

• A)valid for a reasonable time,which depends on the circumstances of the offer.
• B)valid for 10 days from the day the offer is made.
• C)valid for 20 days from the day the offer is received by the offeree.
• D)valid until the offeree accepts it.

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Definitions:

Equal Share

A concept where a total amount or resource is divided equally among the participants or entities involved.

Measure Of Variability

A statistical metric used to describe the spread or dispersion of a set of data points.

Midrange

The midpoint of the range of a set of values, calculated by averaging the maximum and minimum values.

Median

The middle value in a set of data points arranged in ascending or descending order, or the average of the two middle values when there is an even number of data points.