A buyer makes an offer to purchase a seller's property. If the seller wanted to accept the offer, which of the following statements is CORRECT?
A. If the offer had a time limit, the seller could not accept.
B. If the offer had a time limit, the seller could accept within the time limit or later if the buyer agreed.
C. If the offer did not have a time limit and seven day right of rescission had not expired, the seller could accept.
D. If the offer did not have a time limit and the three day right of rescission had not expired, the seller could accept.
Answer: B. If the offer had a time limit, the seller could accept within the time limit or later if the buyer agreed.
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Fill in the blank(s) with the appropriate word(s).
What is believed to be a likely consequence if shareholders, lawmakers, and regulators are not critical and attentive to the actions of a company's top managers?
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