Multiple Choice
In an option contract,_____.
A) a separate contract for the limited purpose of holding the offer open is created
B) the offeree is bound to accept the offer
C) a joint contract is created for the limited purpose of keeping the offer open
D) the offeree has purchased the right to accept within the stated period
Correct Answer:
Verified
Correct Answer:
Verified
Q15: If an offer does not state a
Q21: Beck tells his mom that he is
Q25: Which of the following statements about shrinkwrap
Q30: If the subject matter of a proposed
Q31: An offeree who makes an inquiry about
Q32: If an offeree accepts the offer but
Q40: The doctrine of promissory estoppel does NOT
Q44: Ads for the sale of goods at
Q46: According to the United Nations Convention on
Q48: Which of the following is true about