What Distinguishes the Lapse of an Offer from the Rejection

question 64

Multiple Choice

What distinguishes the lapse of an offer from the rejection of an offer?

• A) An option agreement cannot lapse,but it may be rejected.
• B) Acceptance of an offer will be subject to rejection.
• C) A lapse requires a communication of deliberate intent by the offeree.
• D) Acceptance has not occurred when an offer lapses.

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