When considering whether an offer has expired, what is presumed to be a reasonable amount of time?
A) Forty-eight hours.
B) Seven days.
C) Ten days.
D) Forty-five days.
E) There is no set amount of time, and what constitutes a reasonable amount of time varies depending upon the subject matter of the offer.

Question

Quizplus · Accepted Answer

The concept of a "reasonable amount of time" for an offer to remain open is subjective and depends on the specific circumstances surrounding the offer, including the nature of the transaction, industry standards, and any prior communications between the parties. There is no universally applicable timeframe; it varies based on context.

When Considering Whether an Offer Has Expired, What Is Presumed