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B16. Eagle Warehouse offers to sell a forklift to Forest Lumber Company, but it is stolen before Forest accepts. Eagle must obtain a. a forklift for Forest, if Eagles insurance covers the loss. b. a forklift for Forest, if it wants one. c. nothing for Forest, because that would extend the time of theoffer. d. nothing for Forest, because the theft terminated the offer. ANSWER: D PAGE: 241 TYPE: = NAT: AACSB Reflective AICPA Legal A17. Quik Fix-It, Inc., offers Pam a job as a plumber. No time for acceptance is specified in the offer. The offer will terminate a. after a reasonable period of time. b. after a typical work week (five business days). ... View Full Document

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