The Legal Power Created in the Offeree to Bind the Offeror

question 102

True/False

The legal power created in the offeree to bind the offeror in a contract lasts forever.

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Definitions:

International Business

Commercial transactions, including sales, investments, and logistics, that occur across international borders.

Regulations

Rules or directives made and maintained by an authority to regulate behavior, usually in a specific activity or industry.

Laws

Systematized rules created and enforced through social or governmental institutions to regulate behavior.

Wealthy

Having a substantial amount of money, assets, or resources; rich.