The Code Has Made Certain Offers Irrevocable Without the Offeree's

question 47

Multiple Choice

The Code has made certain offers irrevocable without the offeree's giving any consideration for the promise to keep the offer open. These offers are known as:

• A) options.
• B) firm offers.
• C) variant acceptances.
• D) auctions.

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Definitions:

Fixed Rate

An interest rate that remains constant over the life of a loan, deposit, or bond.

Deposit

Money placed into a financial institution for safekeeping or in order to earn interest.

Annually

Pertaining to a period or event that occurs once every year.

Classic Automobile

A vintage or antique car often considered valuable due to its historical significance or rarity.