Mainframe computers were very large and expensive and used proprietary architectures that did not support cross-platform communications

If an offeree gives a rejection to the offeror, which of the following is true at this point?

A) The offeree has made a counteroffer. B) The offeree is still able to accept the original offer until its original expiration time. C) The offeree has lost the ability to accept the original offer. D) The offeree can now transfer the rejected offer to a different party who becomes the new offeree. E) The offeree cannot later enter into a contract on the terms of the rejected offer.

The Kansas Company makes credit sales to customers who use bank credit cards (such as Visa or MasterCard) as well as to customers who use non-bank credit cards (such as American Express or Diner's Club). In this situation:

A. Sales to customers using bank credit cards are recorded as cash sales. B. Regardless of the type of credit card used by the customer, Kansas records a receivable from the credit card company when a credit sale is made. C. Regardless of the type of credit card used by the customer, Kansas estimates uncollectible accounts related to these credit sales using the allowance method. D. The fees charged by the credit card company reduce the dollar amount of sales recorded.