Harold makes an offer to Ike, but before Ike can accept, the state legislature passes a law that makes Harold's offer illegal. What is the effect of the new statute on the offer?
a. The statute automatically terminates the offer.
b. The statute has no effect on the offer.
c. The statute acts as a condition on the offer.
d. The statute acts as a rejection of the offer by the offeree.
a
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Which of the following guidelines is not a presentation that pro forma financial information should adhere to?
a. It should describe the transaction or event that is reflected in the pro forma financial information. b. It should describe significant assumptions used to develop the pro format adjustments. c. It should make clear that the pro forma financial information is indicative of results that would have been achieved had the transaction or event actually taken place at an earlier time. d. It should describe any significant uncertainties about those assumptions.
Which of the following is an example of a dyadic relationship in an organization ______.
A. mentor and protégé B. supervisor news reporter C. CEO and top management team D. trainer and janitor
The Revised Act, the 1980 Amendments to the MBCA, and over half of the states have eliminated the concept of:
a. par value. b. stated capital. c. capital surplus. d. All of these.
You are interested in buying some newly issued shares of a company. Prior to the sale, the company must provide the SEC with
A) all of its prior years' tax returns. B) an insurance binder to underwrite the securities. C) form 1040. D) a prospectus.