Diya Sent an E-Mail to Sid Stating That She Wanted

question 48

Essay

Diya sent an e-mail to Sid stating that she wanted him to organize her wedding. The e-mail mentioned that Sid must accept the offer by replying to the e-mail. He received the e-mail and went to Diya's house and communicated acceptance of the offer. Is Sid's acceptance of offer effective?

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Definitions:

Land Improvements

Enhancements made to a parcel of land to increase its value, such as landscaping, fencing, and adding utilities.

Long-Lived Assets

Assets that provide economic benefits to a company for a period longer than one year, including property, plant, and equipment.

Land Improvements

Enhancements made to land such as landscaping, driveways, and fences that increase the property's value.

Buildings

Refers to permanent structures owned by a company and used for business operations, considered as tangible fixed assets on the balance sheet.