Judith George Makes an Offer to Sell a Plot of Land

question 29

Multiple Choice

Judith George makes an offer to sell a plot of land using a normal letter and states no authorized means by which the offeree,Helga Holmes,must respond if she accepts.If Helga accepts the offer using a normal letter,which of the following is true?

• A)The acceptance is effective upon dispatch.
• B)The acceptance is effective when it is received.
• C)The offer is invalid because it fails to stipulate the means of acceptance.
• D)The acceptance would be effective upon dispatch even if the means of acceptance is unreasonable.

---

Definitions:

Absolute Advantage

A condition where a country, individual, or firm can produce a good or service at a lower cost and more efficiently than others.

Computer Components

The physical parts or elements of a computer system, such as the central processing unit (CPU), memory (RAM), storage devices, and peripherals, which work together to perform computing tasks.

Tariff

A financial charge instituted by a government on goods exported from or imported into a country.

Absolute Advantage

The ability of a country, individual, or firm to produce a good or service at a lower cost per unit than other producers.