What is the meant by the statement that an offer "has lapsed"?
A) that the time for acceptance by the offeror has passed
B) that the offer must be available for acceptance
C) that the offeror has lost the capacity to fulfill the contract
D) that the rejection of the offer has occurred

Question

Quizplus · Accepted Answer

An offer "has lapsed" means that the time period set for acceptance has expired, and the offer is no longer valid or open for acceptance.

What Is the Meant by the Statement That an Offer