A Standing Offer Is

question 47

Multiple Choice

A standing offer is

• A) one that can be revoked even after acceptance.
• B) an offer that is made and withdrawn before it is accepted.
• C) one that is said to stand because it is fixed and cannot be changed.
• D) one that may be accepted from time to time as needed.
• E) one that cannot be revoked after acceptance without the consent of the offeree.

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Definitions:

Intestacy Law

Laws that govern the distribution of a deceased person's estate when they die without a valid will.

Social Security

A government program designed to provide financial assistance to individuals during retirement, disability, or upon the death of a family breadwinner, funded through payroll taxes.

Federal Law

Laws enacted by the national government of a country, which apply across the entire nation, superseding state laws in areas of conflict.

Physically Destroying

The act of causing physical damage to something to the point that it loses its value, functionality, or identity.