Question

If each party is not free to accept or reject the exchange offer, no exchange takes...

If each party is not free to accept or reject the exchange offer, no exchange takes place.

Group of answer choices

True

False

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Homework Answers

Answer #1

Let us say there are two parties A and B with following scenarios and results:

If party A and B both are not free to accept the exchange offer: then exchange may or may not happen in future but it will not take place now for sure. Statement is true in this sense.

If party A and B both are not free to reject the exchange offer: then exchange offer is surely bound to be rejected later. No question of exchange taking place now. Statement is true in this sense also.

Thus, we can say that TRUE must be selected to answer.

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