Which of the Following Is True Regarding the Termination of an Offer

question 73

Multiple Choice

Which of the following is true regarding the termination of an offer based on a rejection?

• A) Regardless of how long an offeror states that an offer will be held open, once the offeree rejects it, the offer is terminated.
• B) Even on rejection, an offer is not terminated until the expiration of the time period for which it was originally to remain open.
• C) An offer must remain open for at least two days before it is terminated following a rejection by an offeree.
• D) An offer must remain open for at least three days before it is terminated following a rejection by an offeree.
• E) An offer must remain open for at least one day before it is terminated following a rejection by an offeree.

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Definitions:

Common Fate

A principle suggesting that individuals in a group are bound together by the outcome of events, affecting them all similarly.

Experienced Negotiators

Individuals who have a significant amount of expertise and skill in conducting negotiations effectively.

Constituencies

Groups or bodies of voters in a specified area who elect a representative to a legislative body.

Relationships

Connections or associations between individuals or entities based on emotional bonds, interactions, or mutual interests.