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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Definitions:

Re-election

The act of being elected again to a political position that one has previously held.

High Tariffs

High Tariffs are taxes imposed on imported goods to protect domestic industries from foreign competition, raise government revenue, and/or retaliate against unfair trade practices by other countries.

Republican Policies

Policies favored by the Republican Party in the United States, often emphasizing limited government, low taxes, free market capitalism, and a strong national defense.

Plantation Workers

Laborers who work on plantations, historically often under conditions of servitude or slavery, cultivating crops such as sugar, cotton, and tobacco.