The Means Used by an Offeror to Communicate the Offer

question 20

Multiple Choice

The means used by an offeror to communicate the offer is:

• A) the impliedly authorized means for accepting regardless of circumstances.
• B) the impliedly authorized means for accepting unless the circumstances indicate otherwise.
• C) the only authorized means of communication for accepting.
• D) always the offeror's particular trade usage in communication, as it impliedly authorizes a given means of acceptance.

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Definitions:

Opportunity Cost

The cost of forgone alternatives; the value of the next best choice that one gives up when making a decision.

Keg

A keg is a small barrel traditionally used for transporting and storing large quantities of liquid, especially beer.

Pizzas

A popular dish made from flattened dough topped with tomato sauce, cheese, and various other ingredients, baked at a high temperature.

Production

The process of translating raw materials or inputs into finished goods or services through the application of labor, tools, and technology.