Under the UCC,when Is an Acceptance Effective

question 48

Multiple Choice

Under the UCC,when is an acceptance effective?

• A) When dispatched.
• B) When received.
• C) When received only if acceptance by electronic means is made, otherwise on dispatch.
• D) When dispatched only if the U.S. mail is used, otherwise on receipt.
• E) When dispatched only when the telephone is used, otherwise on receipt.

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Definitions:

Herbert Hoover

The 31st President of the United States (1929-1933), whose term was notably marked by the onset of the Great Depression.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, characterized by high unemployment, deflation, and a significant fall in economic activity.

Economic Expansion

A phase of the business cycle where the economy grows and increases its output, leading to higher employment and income levels.

Roosevelt Administration

The period of U.S. governance under President Franklin D. Roosevelt, most noted for the New Deal programs implemented to counter the effects of the Great Depression.