When an offer is not accepted, it will
A) end.
B) terminate.
C) lapse.
D) be void.
E) no longer be an offer.

Question

Quizplus · Accepted Answer

When an offer is not accepted within the time specified or within a reasonable amount of time, it lapses or expires. The offer no longer exists and cannot be accepted at a later time unless a new offer is made. The terms "end," "terminate," and "be void" may imply that the offer was cancelled or revoked by the offeror, which is different from the situation where the offer simply lapses. Option E is redundant with the notion of lapse, so C is the best answer.

When an Offer Is Not Accepted, It Will