In General, If an Offeree Uses a Means of Acceptance

question 3

Multiple Choice

In general, if an offeree uses a means of acceptance that is slower than that used by the offeror to communicate that offer:

• A) it is an unauthorized means of communication.
• B) the acceptance is not effective even upon receipt.
• C) it is an authorized means of communication.
• D) the acceptance is effective when dispatched.

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Definitions:

Capital Lease

A lease agreement that has the characteristics of a purchase agreement, where the lessee assumes some risks and benefits of ownership.

Direct Lease

A rental agreement directly between the landlord and tenant, excluding any subleasing arrangements.

Tax Benefits

Financial advantages granted by governmental policies to reduce a taxpayer's burden, often to encourage certain business activities or investments.