If an Offeror Makes an Offer That States, "This Offer

question 21

Multiple Choice

If an offeror makes an offer that states, "This offer to be open until noon tomorrow," which of the following does not, in law, end the offer?

• A) An inquiry by the offeree if he can do any better
• B) The insanity of the offeror
• C) A counter-offer by the offeree
• D) Revocation of the offer by the offeror before the time specified (i.e., before "noon tomorrow")
• E) Lapse of the offer at the time specified

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Definitions:

Non-Work Factors

Elements of an individual's life that do not pertain to their job or profession, which might affect their overall well-being or performance.

Personal Economics

The study of how individuals manage their resources, make financial decisions, and utilize economic principles in personal contexts.

Personal Affairs

Pertains to matters concerning an individual's private life, including financial, legal, and familial issues.

Psychological Contract

An unwritten agreement between employers and employees outlining mutual expectations, including beliefs, perceptions, and informal obligations.