Final answer:
The correct answer is option b. Giving notice by placing it in a periodical is an example of constructive notice, a concept where a person is considered informed when a fact is made publicly available.
Step-by-step explanation:
Giving notice by placing it in a periodical with a large circulation in the area is an example of constructive notice. Constructive notice is a legal concept that implies that a person should have known a fact because it was a matter of public record or was widely published through an obvious method, even if they did not have actual knowledge of the fact. This type of notice is often used in legal proceedings when it is impractical to inform each individual directly.
By providing constructive notice, a party fulfills the legal requirement to inform others by making it so that the person had an opportunity to obtain the information. For example, in real estate, a recorded deed provides constructive notice to all future purchasers or creditors that someone holds an interest in the property, even if they have not seen the deed themselves.