Active TopicsActive Topics  Display List of Forum MembersMemberlist  Search The ForumSearch  HelpHelp
  RegisterRegister  LoginLogin
FAR STUDY GROUP
 CPAnet Forum : FAR STUDY GROUP
Subject Topic: QUESTION OF THE DAY - MCQ’S ALL SECTIONS (Topic Closed Topic Closed) Post ReplyPost New Topic
  
Author
Message << Prev Topic | Next Topic >>
cpanet
Admin Group
Admin Group
Avatar

Joined: 01 Oct 2003
Online Status: Offline
Posts: 2572
Posted: 16 Sep 2010 at 16:56 | IP Logged  

Welcome to the Question of the Day, hosted by Andrew Lee of CPA Review Materials.  A little about Andrew:

Andrew Lee is a CPA, licensed in the state of California. He passed all four sections of the
CPA exam under the computerized format on his first attempt, all within a 10-day period.
Andrew operates the website www.CPAreviewmaterials.com, which aims to help applicants
pass the exam by providing exam advice and offering discounted CPA review courses
from multiple publishers.
 

Andrew lives with his wife, dog and cat in Vancouver, Washington. After graduating
from Walla Walla University, he worked for three years as an auditor in California.
He currently splits time between his job as controller for a Vancouver-based
company and the website.

You can follow Andrew at: twitter.com/cpastudy.  Now let's get on with those questions, give it your best shot!




__________________
CPA Exam Club / PLUS / Facebook Study Groups
Back to Top View cpanet's Profile Search for other posts by cpanet Visit cpanet's Homepage
 
AndrewCPA
Major Contributor
Major Contributor


Joined: 31 Dec 2009
Location: United States
Online Status: Offline
Posts: 763
Posted: 16 Sep 2010 at 19:59 | IP Logged  

Hi everyone! A question will be posted here each weekday. Feel free to chime in, analyze, and provide what you believe to be the correct answer. The following weekday, I will post the answer.

Today's question: REG

In order for an offer to confer the power to form a contract by acceptance, it must have all of the following elements except?

A) Be communicated to the offeree and the communication must be made or authorized by the offeror.

B) Be sufficiently definite and certain.

C) Be communicated by words to the offeree by the offeror.

D) Manifest an intent to enter into a contract.



__________________
Andrew Lee, CPA
Wiley and Kaplan discounts for CPAnet members
Back to Top View AndrewCPA's Profile Search for other posts by AndrewCPA Visit AndrewCPA's Homepage
 
Zaika
Newbie
Newbie


Joined: 04 Jan 2010
Online Status: Offline
Posts: 8
Posted: 16 Sep 2010 at 20:54 | IP Logged  

B or C.. I lean more towards B. Haven't studied for Reg yet. How about some Far questions?
Back to Top View Zaika's Profile Search for other posts by Zaika
 
cyberwolf
Newbie
Newbie


Joined: 15 Oct 2009
Online Status: Offline
Posts: 43
Posted: 17 Sep 2010 at 01:25 | IP Logged  

the answer is C because the offer could be made by a 3rd party, such as an agent.
Back to Top View cyberwolf's Profile Search for other posts by cyberwolf
 
AndrewCPA
Major Contributor
Major Contributor


Joined: 31 Dec 2009
Location: United States
Online Status: Offline
Posts: 763
Posted: 17 Sep 2010 at 11:32 | IP Logged  

Correct answer: C

Explanation: Communication by words is not required as the communication can also be done by actions. Equally, the communication need not be directly made by the offeror to the offeree, as it could be communicated through a third party. An offer must be seriously intended, communicated, and definite in its terms.



__________________
Andrew Lee, CPA
Wiley and Kaplan discounts for CPAnet members
Back to Top View AndrewCPA's Profile Search for other posts by AndrewCPA Visit AndrewCPA's Homepage
 




Page of 164 Next >>
  Post ReplyPost New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

Powered by Web Wiz Forums version 7.9
Copyright ©2001-2010 Web Wiz Guide

This page was generated in 0.1250 seconds.

Copyright © 1996-2016 CPAnet/MizWeb Communities All Rights Reserved
Twitter
|Facebook |CPA Exam Club | About | Contact | Newsletter | Advertise & Promote