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

question 23

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)An offer must remain open for at least three days before it is terminated following a rejection by an offeree.
• 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 one day before it is terminated following a rejection by an offeree.
• E)Even on rejection,an offer is not terminated until the expiration of the time period for which it was originally to remain open.

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Definitions:

Insanity

Legally and psychiatry, it refers to a mental illness of such a severe nature that a person cannot distinguish fantasy from reality, conduct their affairs due to psychosis, or is subject to uncontrollable impulsive behavior.

Diagnostic

Pertaining to the identification of the nature or cause of a health problem through examination of the symptoms.

Psychological Disorders

Mental health conditions characterized by disturbances in thought, emotion, or behavior, leading to distress or impaired functioning.

DSM-IV-TR

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, Text Revision; a guide used by healthcare professionals to diagnose mental disorders.