Which of the Following Is an Offer as Opposed to an "Invitation

question 62

Multiple Choice

Which of the following is an offer as opposed to an "invitation to treat"?

• A) A notice in the Toronto Star: "I will pay $100 to whoever finds and returns my lost female calico cat which answers to the name Marx."
• B) A notice in the catalogue from the gift shop of the Edmonton Aquarium: "15% off the price of all jewellery until January."
• C) An ad in a real-estate paper: "Best offer in Vancouver! 3 bedroom home in Kitsilano for only $350,000!"
• D) A sweater displayed in the window of a shop with the price tag attached and showing.
• E) The display of goods on the shelves of Safeway.

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Definitions:

Principle Amount

The principal amount is the initial size of a loan or an investment, not including profits or interest.

Loan Payment

A payment made by a borrower to a lender that may include both the principal and interest.

Effective Annual Rate

The interest rate on a loan or financial product restated from the nominal rate as an annual rate, including any compounding that occurs during the year.

APR

Annual Percentage Rate, a measure that reflects the annualized cost of borrowing including interest and other fees, making it easier to compare different financial products.