A Firm Offer Differs from an Option in That,a Firm

question 56

Multiple Choice

A firm offer differs from an option in that,a firm offer:

• A) is a separate contract by itself.
• B) is irrevocable for a certain period of time.
• C) does not require a consideration in exchange for the offer.
• D) is not covered under the UCC.

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Definitions:

Simultaneously

Occurring, operating, or done at the same time.

Neural Tube Defects

Birth defects of the brain, spine, or spinal cord that occur when the neural tube does not close completely during early fetal development.

Spina Bifida

A birth defect where there is incomplete closing of the backbone and membranes around the spinal cord, leading to varying degrees of nerve damage and disability.

Folic Acid

A B-vitamin important for cell growth and metabolism, crucial during pregnancy to prevent neural tube defects in the developing fetus.