Which of the Following Helps to Prevent Offerors from Revoking

question 5

Multiple Choice

Which of the following helps to prevent offerors from revoking their offers prior to acceptance when the offeree relies on it being kept open?

• A)Option
• B)Promissory estoppel
• C)Unilateral contracts
• D)Firm offer

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Definitions:

Exclusive Distribution

A distribution strategy where a producer sells its product or service only through a single retailer or distributor in a specific territory.

Selective Distribution

A distribution strategy where a product is sold at a limited number of outlets in geographical areas to maintain exclusivity or control over the brand.

Intensive Distribution

A strategy where a company sells its products in as many outlets as possible to maximize coverage and sales.

Personal Pen

A writing instrument chosen or designed to meet an individual's specific preferences or needs, often considered personal property.