Multiple Choice
When an offer has been accepted:
A) a subsequent revocation of the offer may serve to nullify the resulting contract.
B) a contract is formed, assuming that all of the other elements of a contract are present.
C) either party may withdraw from the resulting contract without consent.
D) the acceptance is executory.
Correct Answer:
Verified
Correct Answer:
Verified
Q37: Arthur made a bid at an auction
Q38: Mary offered to sell Mike several pieces
Q39: If no time is stated for the
Q40: Under the Uniform Commercial Code (UCC), a
Q41: An offer is terminated upon rejection by
Q43: An otherwise vague contract may be clarified
Q44: The first statement made by one of
Q45: If either the offeror or offeree dies
Q46: If an offer requires that acceptance be
Q47: The fact that there has been a