In Which of the Following Cases Does the Legal Power

question 68

Multiple Choice

In which of the following cases does the legal power of the offeree to bind the offeror end?

• A) When the offeree accepts the offer
• B) When the offeror is declared insane before acceptance of the offer by the offeree
• C) When the subject matter of the contract is destroyed after the acceptance of the offer
• D) When the offeror accepts the counteroffer
• E) When the offeror attempts to retract the offer after its acceptance by the offeree

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Definitions:

Motion to Dismiss

A formal request to a court to dismiss a case on the grounds that it lacks basis for a lawsuit or is improperly filed.

Buy-and-Sell Agreement

A legally binding agreement determining what happens to a partner's share of a business in the event of that partner's death or departure.

Coyle v. Schwartz

A specific legal case, the context and jurisdiction of which would define its relevance and implications in law.

Consent Restraints

Legal restrictions or limitations that individuals agree to voluntarily, often within the context of contracts or agreements to restrict certain actions.