Which of the Following Is True About an Offer Made

question 23

Multiple Choice

Which of the following is true about an offer made that does not contain an expiration time?

• A) It will remain open indefinitely.
• B) It can be terminated only by an order of the court.
• C) The offeror loses the ability to revoke it.
• D) It will expire after the passage of a reasonable period of time.
• E) The offeree is unable to make a counteroffer.

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Definitions:

Stock

A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.

Post-money Valuation

The estimated value of a company after external financing and investments have been added to its balance sheet.

Financing

The act of providing funds for business activities, making purchases, or investing, which can come from various sources such as loans, equity investments, and sales revenue.

Company's Value

The worth of a company, determined by factors such as market capitalization, revenue, profit, assets, and more.