All contracts are agreements. All agreements are accepted offers. Which of the following derivation is correct?A.All accepted offers are contracts.B.All agreements are contracts.C.All contracts are accepted offers.D.None of the above.
Question
All contracts are agreements. All agreements are accepted offers. Which of the following derivation is correct?A.All accepted offers are contracts.B.All agreements are contracts.C.All contracts are accepted offers.D.None of the above.
Solution
The correct derivation from the given statements is C. All contracts are accepted offers.
Here's the step by step reasoning:
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All contracts are agreements: This means that whatever is a contract is also an agreement.
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All agreements are accepted offers: This means that whatever is an agreement is also an accepted offer.
So, if all contracts are agreements (from statement 1) and all agreements are accepted offers (from statement 2), it follows that all contracts are accepted offers. Therefore, option C is correct.
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