Asked by Trang Nguyen on Jun 28, 2024
Verified
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 if he can do any better
B) The insanity of the offeror
C) A counter-offer by the offeree
D) Revocation of the offer by the offeror before the time specified (i.e., before "noon tomorrow")
E) Lapse of the offer at the time specified
Revocation
Withdrawal of an offer before acceptance (must be communicated to the offeree).
Counter-Offer
A proposal made in response to an original offer, differing in terms and thereby rejecting the original offer.
Offeror
The party in a contract negotiation who presents the offer to enter into an agreement.
- Identify the effects of counter-offers, inquiries, revocations, and acceptances on the validity of an offer.
Verified Answer
SS
Siboney SoriaJun 29, 2024
Final Answer :
A
Explanation :
An inquiry by the offeree asking if the offeror can do any better is not a rejection of the offer but rather a request for more information, and does not legally terminate the offer.
Learning Objectives
- Identify the effects of counter-offers, inquiries, revocations, and acceptances on the validity of an offer.
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