When does an offer become a valid sales contract?
A. When the offer is signed by the offerer.
B. When the offer is signed by the offeree.
C. When the acceptance of the offer is communicated to the offerer.
D. When the earnest money is deposited.
Answer: C. When the acceptance of the offer is communicated to the offerer.
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Which of the following are examples of loss reduction techniques?
I. Wearing your seat belt while driving your car II. Polio vaccinations III. Keeping poisons locked up and out of reach of small children IV. Wearing a helmet while skateboarding A) I and III only B) I, II, and III only C) I and IV only D) I, II, III, and IV
Electronic commerce is limited to transactions between businesses and consumers, which is known as business-to-consumer (B2C) EC
Indicate whether the statement is true or false