The Rule States That a Merchant Who Offers to Buy

Multiple Choice

The rule states that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a separate form that the offer will be held open cannot revoke the offer for the time stated or, if no time is stated, for a reasonable time is referred to as ________.

A) gap-filling rule
B) firm-offer rule
C) mirror image rule
D) open term rule