If an Offeror Receives Something of Value in Return for a Promise

question 14

Multiple Choice

If an offeror receives something of value in return for a promise to hold the offer open, it is said to be a(n) , and this type of offer cannot be revoked.

• A)option
• B)counteroffer
• C)invitation to make an offer
• D)definite offer

---

Definitions:

Education System

An organized framework that delivers educational instruction and experiences, encompassing structures, policies, institutions, and stakeholders.

Encyclopedia

A comprehensive reference work containing information on a wide range of subjects or on numerous aspects of a particular field, usually arranged alphabetically.

Internet

A global network of computers that provides access to information, communication, and services across the world.

Microfilm

A photographic film format that is used to store miniature copies of documents for preservation and space saving.