In contracts that are not between merchants selling goods,a promise to keep an offer open for a certain time period must be supported by the offeree's consideration.Such agreement to not revoke an offer is called a(n)______.
A) firm offer
B) option
C) promissory estoppel
D) novation
E) accord

Question

Quizplus · Accepted Answer

In contracts that are not between merchants selling goods, a promise to keep an offer open for a certain time period must be supported by the offeree's consideration. Such agreement to not revoke an offer is called an option.

In Contracts That Are Not Between Merchants Selling Goods,a Promise