If an offer requires that acceptance be communicated by a specific date and the acceptance is properly dispatched by the offeree on the final date,

A) no contract is formed, since the offeror will undoubtedly receive the dispatched acceptance after the deadline for acceptance
B) a contract is formed, but the contract is voidable at the election of the offeror.
C) the acceptance is timely and a contract is formed, even though the offeror actually receives the acceptance well after the specified date has passed.
D) the acceptance is timely and a contract is formed, but only if the offeror actually receives the acceptance by the deadline specified for acceptance.


C

Business

You might also like to view...

One way a company can manage its expenditures is to rely on its creditors to give it time to pay for purchases

Indicate whether the statement is true or false

Business

Discuss six approaches that are used by companies now to stimulate innovation

What will be an ideal response?

Business

Angela wants to teach her employees how to handle customer service complaints efficiently. She wishes to create a graphical presentation to depict the process. When representing this type of data, Angela should ideally use a(n) _____.?

A) ?bar chart B) ?flow chart C) ?area chart D) ?pie chart

Business

Otto is planning for his son's college education to begin ten years from today. He estimates the end-of-the-year tuition, books, and living expenses to be $10,000 per year for a four-year degree

How much must Otto deposit today, at an interest rate of 12 percent, for his son to be able to withdraw $10,000 per year for four years of college? A) $12,880 B) $ 9,780 C) $40,000 D) $18,950

Business