With a purchase agreement, the date of formation of the contract is:
A. when acceptance is communicated to the offeror
B. the date the contract is prepared
C. the date the buyer signs
D. the date the offer is made
Ans: A. when acceptance is communicated to the offeror
Explanation: A contract is considered to be formed on the date that the offeree communicates acceptance to the offeror.
Business
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