Under the CISG,acceptance Is Effective Only Upon Receipt

question 157

True/False

Under the CISG,acceptance is effective only upon receipt.

---

Definitions:

Stock Options

Financial instruments allowing the possessor to buy or sell shares at an agreed upon price before a certain deadline, without being compelled to do so.

Diluted Earnings

A measure of a company's profitability that accounts for all potential shares that could be issued, potentially lowering earnings per share.

Market Price

Market price refers to the current price at which an asset or service can be bought or sold in a given market.

Convertible Bonds

Bonds that can be converted by the holder into a specified number of shares of the issuing company's stock.