Which of the Following Is True Regarding Acceptance

question 61

Multiple Choice

Which of the following is true regarding acceptance?

• A) In the absence of a provision in an offer regarding how acceptance is to be made,acceptance is effective upon dispatch into a mailbox.
• B) Acceptance is never effective until it is received.
• C) An offeror may not by law specify that an offer can be accepted only by facsimile to a stated fax number and that the acceptance is not effective until actually received.
• D) An offeror may revoke an offer as long as the revocation is made before an acceptance is received.

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Definitions:

Seller

An individual or entity that transfers goods, services, or property to another party in exchange for money or other compensation.

Common Law

The body of law derived from judicial decisions of courts and similar tribunals, rather than from statutes or official codes.

Contracts

Legally binding agreements between two or more parties that are enforceable by law.

Restraint of Trade

Practices or agreements that restrict competition or control prices within a business context, often considered illegal or subject to regulation.