CIPS Exam L3M3 Topic 1 Question 14 Discussion

Actual exam question for CIPS's L3M3 exam

Question #: 14
Topic #: 1

[All L3M3 Questions]

'Agreement' is composed of:

AOffer and consideration

BOffer and acceptance

CCapacity and consideration

DCorrect form and acceptance

Show Suggested Answer

Suggested Answer: B

Equilibrium price.

The closing price is the price at the end of the day when the market closes.

The other 'prices' shown are nonsense.

by Xuan at Jul 03, 2024, 09:12 AM

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20 days ago

I'm pretty sure the answer is B) Offer and acceptance. That's the basic structure of a valid agreement, right?

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18 hours ago

Yes, you're correct. An agreement is formed when there is an offer made by one party and acceptance by the other party.

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27 days ago

I'm not sure, but I think it might be A) Offer and consideration.

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28 days ago

I agree with Fredric, because without acceptance, there can't be an agreement.

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1 months ago

I think the answer is B) Offer and acceptance.

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