Offers are terminated for all of the following reasons EXCEPT:
A) lapse of time.
B) revocation.
C) rejection.
D) silence.

Question

Quizplus · Accepted Answer

Offers are not terminated by silence, meaning if the offeree does not respond to the offer within a reasonable period, the offer is still valid. However, if the offeror specifies a deadline for acceptance, and the offeree does not respond by that deadline, the offer is terminated by lapse of time. Offers may also be terminated by revocation (withdrawal) by the offeror or rejection by the offeree.

Offers Are Terminated for All of the Following Reasons EXCEPT