Asked by Derek Lehan on Jul 13, 2024
Verified
Coffee Beans Inc. offers to buy Brewing Company's roasting services for a certain price. Brewing responds that the price is too low and thereby rejects the offer. The offer is
A) terminated.
B) valid for a reasonable time.
C) valid for the period of time prescribed by a state statute.
D) valid until Coffee Beans revokes the offer.
Roasting Services
A business service centered on processing coffee beans or other products by applying heat to achieve desired flavors.
Offer Rejected
The refusal to accept a proposal or offer, such as in negotiations, where one party declines the terms proposed by another.
Certain Price
A specific monetary value at which goods or services are offered for sale.
- Gain an understanding of the factors leading to an offer's conclusion and when it occurs.
Verified Answer
MA
Muhamad AzamuddinJul 20, 2024
Final Answer :
A
Explanation :
Brewing Company's response that the price is too low and thereby rejecting the offer effectively terminates the offer made by Coffee Beans Inc.
Learning Objectives
- Gain an understanding of the factors leading to an offer's conclusion and when it occurs.
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