Question: The general rule regarding the effective date and time an acceptance becomes binding is: three days after acceptance is sent. upon receipt by the offeree.

The general rule regarding the effective date and time an acceptance becomes binding is:
three days after acceptance is sent.
upon receipt by the offeree.
three days after receipt of the acceptance.
when the parties intend.
The general rule regarding the effective date and time an acceptance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

The general rule regarding the effective date and time an acceptance becomes binding is: upon receipt by the offeree. three days after acceptance is sent. three days after receipt of the acceptance....

Q:

4) Parktown Realty Inc developed an upscale condominium complex. On October 1, Miranda Wine signed an offer to purchase one of the units. Part of that document said, "This offer is irrevocable by the...

Q:

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

Administrative Law 5 A dministrative law governs and defines the powers of government agencies. A number of political and technological factors have led to an explosion in the growth of government...

Q:

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

Q:

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

Q:

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

Q:

Unit1 1) The court's decision in Brown v. Board of Education had what effect on the decision made in Plessy v. Ferguson? a. It showed that precedent can be overruled and is not binding in every...

Q:

Note: these reference for this work. 1. Reference one: Checklist: How to Write an Effective IRAC Response Step 1: Task Understanding o Read the Instructions carefully [Read the Marking Rubric o Read...

Q:

*Discussion Post* Professor Question: Reasonably Definite Term & Contract Offer, Termination of an Offer, Who May Accept an Offer (PLEASE READ) Based on the "Professor Analysis" Questions and Answers...

Q:

The owners equity accounts for Hexagon International are shown here: Common stock ($1 par value) ....... $ 30,000 Capital surplus .............. 185,000 Retained earnings ............ 627,500 Total...

Q:

1. You will drive around for twenty minutes. Spend no more than half your time on the freeway. Obey all traffic laws. Driver needs to concentrate on driving; Passenger needs to concentrate on the...

Q:

When a firm uses retained profits to invest in more energy efficient equipment, an economit modil calculate the of investing in phyrical capita. typical hurdle rate opportunity cost hurdle rate...

Q:

Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $122,500 and sales of $1,015,000. If uncollectible...