If there is no time specified for the acceptance of an offer, when does the offer terminate?
A) After 48 hours from receipt of the offer.
B) After two weeks from dispatch of the offer.
C) After 30 days from receipt of the offer.
D) After a reasonable period of time, which depends on the circumstances.

Question

Quizplus · Accepted Answer

The correct answer is D because the termination of an offer, when no specific time is set, depends on what is considered a reasonable period of time. This can vary based on the type of offer, the means of communication, the industry practices, and other relevant circumstances.

If There Is No Time Specified for the Acceptance of an Offer