Multiple Choice
Which of the following is an example of lapse?
A) the time specified to accept an offer has expired
B) one party responds to an offer with a counteroffer
C) one party withdraws an offer before it is accepted by the other party
D) one party rejects an offer
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q63: On Tuesday,Jatelle offered to sell one of
Q64: What distinguishes the lapse of an offer
Q65: Gandrel received an offer to purchase on
Q66: Boyd wanted to buy a 1967 Mustang
Q67: While contract law normally requires that the
Q68: How do the courts get around the
Q69: The courts have applied the postbox rule
Q70: Revocation may be communicated through a reliable
Q71: Once made,an offer cannot be revoked.
Q73: Consideration must always flow from one party