A Contract That Binds the Offeror to Keep an Offer

question 69

Multiple Choice

A contract that binds the offeror to keep an offer open for a specified period of time is known as:

• A) a offer with reserve.
• B) an option.
• C) promissory estoppel.
• D) a unilateral contract.

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Definitions:

Diversity Initiative

Programs or policies implemented by an organization to create a more inclusive environment that respects and values diverse backgrounds and perspectives.

Emerging Markets

Countries with social or business activity in the process of rapid growth and industrialization, often characterized by high volatility and potentially high returns for investors.

Ethnic Groups

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