New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    Question

    In order to convert a ___________ into a promise, the

    acceptance must be absolute and unqualified; be expressed in some usual and reasonable manner.
    A Agreement Correct Answer Incorrect Answer
    B Obligation Correct Answer Incorrect Answer
    C Consideration Correct Answer Incorrect Answer
    D Proposal Correct Answer Incorrect Answer

    Solution

    Section 7 Acceptance must be absolute.In order to convert a proposal into a promise, the acceptance must(1) be absolute and unqualified;(2) be expressed in some usual and reasonable manner, unless the proposal prescribes the manner in which it is to be accepted.

    Practice Next