A transaction involves ____________?
Correct answer: D. all of the above
- A. at least two parties
- B. each party is capable of communication and delivery
- C. each party is free to accept or reject the exchange offer
- D. all of the above
Explanation
A transaction requires at least two parties, communication and delivery capability, and freedom for each party to accept or reject the offer. Since all three conditions are listed, “all of the above” is correct.
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