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A Contract That Binds the Offeror to Keep an Offer

question 69

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A contract that binds the offeror to keep an offer open for a specified period of time is known as:


Definitions:

High School Teacher

An educator who instructs students typically ranging from ages 14 to 18 in various subjects at a secondary school level.

Punching Bag

A durable bag designed for being punched repeatedly as a form of physical exercise or stress relief.

Adaptation-Level Phenomenon

A psychological principle stating that people adjust their expectations based on past experiences, influencing their satisfaction with new situations.

Euphoric

A feeling of intense happiness or exhilaration, often beyond what is expected under normal conditions.

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