Which of the Following Is Correct with Respect to the Operation

question 93

Multiple Choice

Which of the following is correct with respect to the operation of the post-box rule?

• A)If the post-box rule applies,the acceptance is effective at the point of mailing.
• B)For the post-box rule to apply,the offer must be made by mail.
• C)For the post-box rule to apply,the offeror must make that clear when the offer is made.
• D)If the post-box rule applies,the only way for an acceptance to be effective is to send it by mail.
• E)If the post-box rule applies,an acceptance must be communicated and heard by the offeree before it is effective.

---

Definitions:

Credit Period

The amount of time the buyer is allowed in which to pay the seller.

Merchandise

Goods that are bought and sold in business transactions.

Invoice

The bill that the seller sends to the buyer.

Gross Profit

The financial metric that indicates the difference between revenue and the cost of goods sold (COGS), revealing how much a company earns from its core business activities.