An option contract requires the offeror to:
A) give at least a day's notice before withdrawing the offer
B) offer more than one option
C) keep an offer under a certain price
D) limit an offer to a certain number of offerees
E) none of the other choices are correct

Question

Quizplus · Accepted Answer

An option contract binds the offeror to keep an offer open for a specified period in exchange for consideration, but it does not specifically require any of the actions listed in choices A, B, C, or D.

An Option Contract Requires the Offeror To