What Common Distinguishing Characteristic May Be Attributed to Both an Option

question 20

Multiple Choice

What common distinguishing characteristic may be attributed to both an option agreement and a counteroffer?

• A) Both can result in a lawsuit for damages if deliberately rejected by the offeror.
• B) Both are subject to revocation by the offeror prior to a lapse of a set period of time.
• C) Both form a separate contract that may or may not lead to the acceptance of an offer.
• D) Both serve to prohibit the lapse of an offer before a set time period has expired.

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The name given to a product or service to distinguish it from others and create a recognizable identity in the market.