Pete and Will have an option contract for the sale of some fresh vegetables.Jane and Ashley have an option contract for the sale of some books.Neither contract has an exact period of time specified in the option.The reasonable period of time implied is
A) the same for both contracts.
B) shorter for the vegetable contract than for the book contract.
C) longer for the vegetable contract than for the book contract.
D) determined by state laws.

Question

Pete and Will have an option contract for the sale of some fresh vegetables.Jane and Ashley have an option contract for the sale of some books.Neither contract has an exact period of time specified in the option.The reasonable period of time implied is​ 
A) ​the same for both contracts. 
B) ​shorter for the vegetable contract than for the book contract. 
C) ​longer for the vegetable contract than for the book contract. 
D) ​determined by state laws.

Quizplus · Accepted Answer

Perishable goods like vegetables require a shorter reasonable period due to their nature, while books, being non-perishable, allow for a longer period.

Pete and Will Have an Option Contract for the Sale