Which of the Following Basic Requirements Must Be Met for an Offer

question 14

Multiple Choice

Which of the following basic requirements must be met for an offer to sell goods to be a firm offer?

• A) It must contain assurances that it will be revocable.
• B) The offeror must be a merchant.
• C) It must have been made orally.
• D) The outer limit on the period of irrevocability for firm offers must be 10 months.

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Definitions:

Thallus

(Pl., thalli) The simple body of an alga, fungus, or nonvascular plant that lacks roots, stems, or leaves (e.g., a liverwort thallus or a lichen thallus).

Archegonia

The female reproductive organ in ferns, mosses, and some gymnosperms, where the egg cell is produced and fertilization occurs.

Sperm

Male reproductive cells designed to fertilize female eggs in sexual reproduction.

Gametophyte

A stage in the life cycle of plants and algae that undergoes alternation of generations, responsible for producing gametes.