Under the Mailbox Rule, an Acceptance Is Not Valid Until

question 23

True/False

Under the mailbox rule, an acceptance is not valid until it is received.

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Definitions:

Mixed Number

A number consisting of an integer and a proper fraction.

Decimal Equivalent

A representation of fractions or percentages as decimals.

Percent Equivalent

The representation of a value as a fraction of 100 to indicate its proportion of the whole.

Mixed Number

A number consisting of an integer and a proper fraction, such as 3½.