Kim Sends an Offer to Leo to Cut Down and Remove

question 56

Multiple Choice

Kim sends an offer to Leo to cut down and remove a tree for $200.Kim says,"If you say nothing,I will consider you to have accepted my offer." If Leo does not respond,he will be deemed to

• A)accept the offer.
• B)make a counteroffer.
• C)reject the offer.
• D)none of the choices.

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Definitions:

Reorganization

A process aimed at restructuring a company's operations, structures, and finances to increase efficiency and profitability, often used in bankruptcy contexts.

Voluntary

Done, given, or acting of one's own free will without valuable consideration or legal obligation.

Involuntary

Occurring without the individual's consent or control, often referring to actions or responses not dictated by an individual's conscious choices.

Bankruptcy Abuse Prevention

A set of laws or measures designed to prevent individuals or entities from wrongfully or fraudulently declaring bankruptcy to avoid debt obligations.