Multiple Choice
Which of the following is true with regard to the offer and acceptance necessary to form a contract?
A) An ad in the newspaper that reads "Best offer in town! A new 2012 Honda Civic for only $15 999!" is considered an offer.
B) If a seller offers to sell for $100 and the buyer makes a counter-offer of $90 that is rejected by the seller,the buyer can accept the original offer of $100 and bind the seller in contract.
C) A purchased option that states "This offer to be open until noon tomorrow" prohibits the offeror from revoking the offer before that time.
D) A person can accept an offer after it has lapsed.
E) Where the acceptance is effective is not an important factor in determining the place of contract.
Correct Answer:

Verified
Correct Answer:
Verified
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