Acceptance of an Offer by Email or Web-Based Communications Can

question 127

Essay

Acceptance of an offer by email or web-based communications can create certain difficulties.What can be done to minimize the impact of such problems?

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Definitions:

Futures Contracts

Standardized legal agreements to buy or sell something at a predetermined price at a specified time in the future.

Organized Exchange

A regulated market where securities, commodities, derivatives, and other financial instruments are traded.

Forward Contracts

A financial contract between two parties to buy or sell an asset at a predetermined future date for a price agreed upon today.

Gold Futures

Standardized contracts to buy or sell gold at a specified future date and price, used by investors for hedging and speculative purposes.