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:

Constitution

The fundamental law of the United States, establishing the framework of the national government, its powers and responsibilities, and the rights of the citizens.

Somerset Case

A landmark legal decision in 1772 in England, which found that slavery was unsupported by law in England, contributing to the gradual abolition of slavery in British territories.

British Soil

Land or territory that is under the jurisdiction and sovereignty of the United Kingdom.

Slaves

Individuals who were forcibly taken from Africa and other regions to work without freedom or personal rights, primarily in agriculture, domestic work, and industry, in various parts of the world, including the Americas.