Bids:
A) are legally not enforceable.
B) can be verbal but not written.
C) cannot respond to a petition.
D) can be written but not verbal.
E) can be in response to a solicitation or unsolicited.

Question

Quizplus · Accepted Answer

Bids can be in response to a solicitation (i.e. when a buyer invites bids from potential sellers) or unsolicited (i.e. when a seller offers to sell goods or services to a buyer without any prior request or invitation). Bids can be both written and verbal. While bids are not contracts and therefore not legally enforceable, they are considered a binding offer to enter into a contract if accepted by the buyer.