Option contracts are binding promises to keep a specific offer open to a specific party for, say, one month.
Correct Answer:
Verified
Q20: Preliminary negotiations are generally considered to create
Q21: Offers may be terminated by the destruction
Q22: If a printed advertisement states the price
Q23: If the offeree accepts an offer through
Q24: Most contracts are bilateral.
Q26: "I want $10,000 for my car," says
Q27: Most contracts are unilateral.
Q28: In unilateral contracts, performance is acceptance of
Q29: "I will sell you my car for
Q30: An offer that is missing only one
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents