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An Offer Terminates If the Subject Matter of the Offer

question 111

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An offer terminates if the subject matter of the offer is destroyed through no fault of either party prior to the offer's acceptance.


Definitions:

Percentage

A portion, share, or rate expressed as a fraction of 100.

Good Cause

A legitimate, justifiable reason for taking a particular action, often used in legal and employment contexts.

Franchise Agreement

A legal document outlining the rights and responsibilities of the franchisor and franchisee, including terms of payment, support, and operation.

Terminate the Contract

The act of legally ending an agreement or contract before its predetermined end date.

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