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d. An offer which does not specify when it will terminate remains open:
for as long as the offeree wants it to remain open.
for a reasonable period of time, depending on the circumstances.
until the offeror notifies the offeree that the offer is revoked. 127.
d. An offeree is generally under what legal duty to reply to an offer?
No legal duty
A reasonable duty
A great legal duty
An implied duty 128.
e. An option differs from the ordinary offer in that
options must always be in writing.
offers need not be. options do not terminate upon death of the offeree; offers do.
options do not terminate upon insanity; offers do.
options can’t be terminated by revocation; offers can.
b, c, and d are correct. 129.
d. An option is
a gratuitous promise.
a contract. 130. An oral contract that is covered by the statute of frauds is:
d. An outp...
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This test prep was uploaded on 03/29/2014 for the course BUL 3130 taught by Professor Schupp during the Fall '12 term at UNF.
- Fall '12
- The Lottery