When Communicating an Offer, the Communication May Be Implied By

question 1

Multiple Choice

When communicating an offer, the communication may be implied by:

• A) custom and tradition.
• B) the actions of the parties.
• C) the actions of third parties in similar situations.
• D) the Uniform Commercial Code.

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Definitions:

Depositor's Account

A banking account that holds funds deposited by an individual or entity.

Balance Per Books

The amount of money reported in a company's financial records or books.

Bank Reconciliation

The practice of ensuring that the figures in an organization's financial records for a cash account are in agreement with the relevant details on a bank statement.

Balance Per Bank

The amount of money in a company's bank account according to the bank's records at a specific point in time.