If an Offeror Makes an Offer That States, "This Offer

question 124

Multiple Choice

If an offeror makes an offer that states, "This offer to be open until noon tomorrow," which of the following does not, in law, end the offer?

• A) An inquiry by the offeree
• B) Revocation of the offer by the offeror before the time specified, i.e., before "noon tomorrow"
• C) Lapse of the offer at the time specified
• D) The insanity of the offeror
• E) A counter-offer by the offeree

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Definitions:

Defined Benefit Plan

A retirement plan where employee benefits are computed using a formula that considers factors such as salary history and duration of employment, with employer contributions funding the benefits.

Defined Contribution Plans

Retirement plans in which the employee, employer, or both contribute a fixed amount to the individual's account, with eventual benefits determined by the account's performance.

Federal Mandatory

Requirements or directives issued by the federal government that must be followed by all relevant parties under penalty of law.

Public Protection

Efforts and measures taken by government or organizations to ensure the safety and well-being of the public, especially in relation to crimes, disasters, and other threats.