An Electronic Communication Will Be Considered to Be an Invitation

question 34

Multiple Choice

An electronic communication will be considered to be an invitation to treat provided that:

• A) Is not addressed to one or more specific parties.
• B) There is no indication of an intention to be bound.
• C) It is generally accessible to people using an information system.
• D) All of the above.

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Definitions:

Forward Contract

A special arrangement made between two parties to transact an asset at a pre-agreed price on a set date in the future.

Exchange Currency

The act of converting one country's currency into another, often subject to an exchange rate.