Question: Under the mailbox rule and acceptance can be valid as soon as it is sent

Under the mailbox rule and acceptance can be valid as soon as it is sent

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:

Which of the following statements are TRUE? When both parties to a contract are minors, either of them may disaffirm the contract. To serve as a basis for an action for fraudulent misrepresentation,...

Q:

Question 3 1 1 pts Under the mailbox rule, an acceptance can be valid as soon as it is sent. True False

Q:

Which of the following statements are TRUE? Group of answer choices When both parties to a contract are minors, either of them may disaffirm the contract. To serve as a basis for an action for...

Q:

The Mailbox Rule states: Acceptance is not valid unless the offeree hand delivers the acceptance to the offeror at their place of business. Acceptance is valid once the offeree sends notification to...

Q:

Shelby offers by email to make digital copies of Reliable Company's business conference videotapes, CDs , DVDs , and other media for $ 5 0 0 . Under the mailbox rule, Reliable's acceptance by e -...

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:

1 . Offer and acceptance are essential elements of a contract. True False 2 . An offer made in anger or jest is not made with the intent of entering into a valid, enforceable agreement. True False 3...

Q:

If the acceptance of an offer is received after a rejection is received, Blank______. Multiple choice question. the acceptance is not valid because the rejection terminated the offer the acceptance...

Q:

The law should apply equally to all people including those in the government or who hold positions of power.This principle is known as: a.Legal positivism b.The Rule of Law c.The Doctrine of...

Q:

Elvis and Priscilla entered the Graceland Hotel in Brisbane. After enquiring as to the availability of a room they paid cash for the penthouse suite for three nights. They had not been to Brisbane...

Q:

Unlike the other major financial statements, the statement of cash flows is not prepared from the adjusted trial balance. From what sources does the information to prepare this statement come, and...

Q:

Let X1, X2, . . . be a sequence of i.i.d. random variables each having the uniform distribution on the interval [0, ] for some real number > 0. For each n, define Yn to be the maximum of X1, . . . ,...

Q:

Compute the budgeted cost of direct materials purchases for August 'Wynn, Inc. manufactures afghans. The budgeted units to be produced and sold are as follows: Expected Production _ Expected Sales...

Q:

A corporate bond is quoted at a price of 98.96 and has a coupon rate of 4.8 percent, paid semiannually. What is the current yield? 4.24 percent 5.36 percent 4.66 percent 4.85 percent 5.62 percent