Which of the Following Is True Regarding Distinguishing an Offer

question 9

Multiple Choice

Which of the following is true regarding distinguishing an offer from an invitation to negotiate?

• A) Whether an offer in fact existed is a question of law.
• B) Whether an offer in fact existed is a question of fact.
• C) Whether an offer in fact existed is a mixed question of law and fact.
• D) Whether an offer in fact existed depends solely on whether the alleged offer included a specific price.
• E) Whether an offer in fact existed depends solely on whether an acceptance of the alleged offer was made immediately so that the offeror knew he or she was bound.

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Definitions:

Receivables

Amounts owed to a company by its customers for goods or services delivered on credit.

Control Activity

Measures implemented to ensure that management's directives are carried out, aiming to prevent, detect, and correct financial misstatements or fraud.

Extensive Marketing Plan

A comprehensive strategy outlining marketing efforts, targeting how a business will effectively engage customers, compete in the market, and achieve its marketing goals.

Segregation Of Duties

An internal control method used to prevent fraud and errors, which involves dividing tasks and responsibilities among different people to ensure no single individual controls all aspects of a transaction.