An offer is terminated on the grounds of "lapse of time" if ________.
A) the offeror dies before the offeree has accepted the offer
B) the offer is not communicated to the offeree
C) the offeror has communicated to the offeree a set time which is not mentioned in the offer
D) the offer is not accepted within a stated time period

Question

Quizplus · Accepted Answer

An offer is terminated on the grounds of "lapse of time" if the offer is not accepted within a stated time period. This means that the offeror has given the offeree a deadline for accepting the offer and if the offeree fails to accept within that time frame, the offer is no longer valid.

An Offer Is Terminated on the Grounds of "Lapse of Time