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Which of the Following Is the Method Most Commonly Used

question 121

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Which of the following is the method most commonly used to transfer risks?


Definitions:

Offeree Dies

The cessation of an offer in contract law due to the death of the offeree, rendering the offer void.

Personal Representative

An individual legally authorized to manage the affairs of a deceased person's estate.

Accept an Offer

To agree to the terms of a proposal, thereby creating a binding contractual relationship.

Functional Level

Pertains to the specific tasks and processes within an organization that contribute to its overall objectives, often within specialized departments such as marketing or finance.

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