If an Acceptance of an Offer Is Received After the Offer

question 44

True/False

If an acceptance of an offer is received after the offer has been rejected, there is no contract.

---

Definitions:

Semiannually

Pertains to an event or process that occurs twice a year.

Maturity

The date on which a financial instrument (such as a bond) or an investment becomes due for payment or is fully repaid.

Contract Rate

The interest rate stipulated in a contract or agreement, often related to loans, bonds, or other financial instruments.

Market Rate

The prevailing price or interest level determined by the supply and demand dynamics in a competitive marketplace.