Adrian Sent an Offer to Sehar by Mail to Sell

question 70

Multiple Choice

Adrian sent an offer to Sehar by mail to sell him a used computer monitor for $125. An appropriate response accepting this offer is first effective to form a contract when​

• A)Sehar's acceptance arrives at the Adrian's.
• B)Sehar decides to accept.
• C)Sehar's acceptance is put in an envelope to mail.
• D)Sehar mails his letter of acceptance.

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Definitions:

Cash Dividend

A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders in the form of cash.

Investing Activities

Transactions that involve the purchase or sale of long-term assets and other investments, typically reported on a company's cash flow statement.

Cash Dividend

A distribution of a portion of a company's earnings to its shareholders in the form of cash.

Financing Activities

Transactions between a company and its investors or creditors related to equity and debt, including issuing shares and obtaining loans.