If an Offeror Makes an Offer That States, "This Offer

question 21

Multiple Choice

If an offeror makes an offer that states, "This offer to be open until noon tomorrow," which of the following does not, in law, end the offer?

• A) An inquiry by the offeree if he can do any better
• B) The insanity of the offeror
• C) A counter-offer by the offeree
• D) Revocation of the offer by the offeror before the time specified (i.e., before "noon tomorrow")
• E) Lapse of the offer at the time specified

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Definitions:

Ego

In psychoanalytic theory, the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.

Conscience

An individual's internal moral compass, guiding distinctions between right and wrong.

Morality

Principles concerning the distinction between right and wrong or good and bad behavior, often influenced by culture, religion, or personal beliefs.

Superego

In psychoanalytic theory, it represents the ethical component of the personality and provides the moral standards by which the ego operates.