menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law
  4. Exam
    Exam 12: Formation of Contracts: Offer and Acceptance
  5. Question
    An Option Is Itself a Contract to Refrain from Revoking
Solved

An Option Is Itself a Contract to Refrain from Revoking

Question 13

Question 13

True/False

An option is itself a contract to refrain from revoking an offer.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q8: If an offer is indefinite or vague,

Q9: Under the _, acceptance of an offer

Q10: If the offeree purports to accept an

Q11: An agreement that consists of two or

Q12: A customer requested a price from a

Q14: To make an offer, the offeror must

Q15: Generally, advertisements, catalog prices, and circulars are

Q16: An option contract is a binding promise

Q17: Advertisements that call for an act may

Q18: A "best efforts" clause is always deemed

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines