Which of the following is true of a binding contract?
A) It allows an offer to be revoked once the contract is formed.
B) It is created when an offeree accepts an offer that has been properly communicated.
C) It is considered valid when the offer made is indefinite in nature.
D) It is created when the offeror clearly shows an intention to make an offer.
Correct Answer:
Verified
Q4: An offeree's inquiry about the terms of
Q5: If a merchant displays a coat at
Q6: An offer that does not specify a
Q7: A firm offer can be best defined
Q8: Silence constitutes acceptance to an offer if
Q10: When an offeree is not aware of
Q11: Maya, an elderly lady, wanted to sell
Q12: If, after an offer has been made,
Q13: Which of the following is true of
Q14: An offer expresses the willingness of the
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