Termination of an Offer by Operation of Law Occurs

question 521

Multiple Choice

Termination of an offer by operation of law occurs:

• A) if the offeree decides to revocate
• B) by death of the offeror
• C) if the offeree claims a lapse has occurred
• D) if the offer was an option contract
• E) all of the other choices are correct and termination occurs

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Definitions:

Fruit Cake

A cake made with candied or dried fruits, nuts, and spices, commonly served during Christmas and other celebrations.

Marble Cake

A type of dessert cake with a swirled mix of vanilla and chocolate flavors, resembling a marble pattern.

Block Grants

A form of financial aid provided by the federal government to state or local governments for general governmental functions or specific projects with fewer restrictions than categorical grants.

Federal Aid

Financial assistance provided by the federal government to state or local governments, organizations, or individuals, usually for specific projects, programs, or purposes.