The death or incompetency of either the offeror or the offeree terminates an option contract.
Correct Answer:
Verified
Q50: The mailbox rule proves that revocations of
Q51: An offer can be accepted only by
Q52: An offer terminates if the subject matter
Q53: If an offer is made individually to
Q54: Death of the offeror terminates an offer
Q56: A rejection is treated as a new
Q57: An acceptance is "a manifestation of assent
Q58: An acceptance is valid only if it
Q59: Generally,a counteroffer is not effective until it
Q60: The mailbox rule provides that an acceptance
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