An Offer Is Terminated on the Grounds of "Supervening Illegality

question 28

Multiple Choice

An offer is terminated on the grounds of "supervening illegality" when ________.

• A) the set period in the offer has expired
• B) the subject matter in the offer has been destroyed
• C) a statute or court decision deems an object of the offer unlawful
• D) the offeror or offeree passes away prior to the offer being accepted

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Definitions:

Best Alternative

The most desirable option available to a person or entity when their first choice is not feasible.

Financial Institution

A company engaged in the business of dealing with monetary transactions, such as banks, credit unions, and investment firms.

Market Share

The portion of a market controlled by a particular company, product, or brand, often expressed as a percentage of total sales within that market.

Marketing Executive

A professional responsible for developing and executing strategies to promote a company’s products, services, or brand.