Brown offered to sell Wilson an air conditioner for $300. When Wilson said he needed time to think about the offer, Brown said that he would keep the offer open for five days. Which of the following statements is correct?
A) Brown may not withdraw the offer until the end of the fifth day.
B) Brown may withdraw the offer at any time before acceptance is made.
C) Brown's agreement to keep the offer open created an option to purchase the air conditioner.
D) Brown may not withdraw his offer without Wilson's consent.
Correct Answer:
Verified
Q28: An offer is revoked when the
A) withdrawal
Q29: If the language used is specific, an
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Q31: If a person's response to an offer
Q32: Prior to an offer being made by
Q34: In a bilateral contract, acceptance takes place
Q35: An advertisement in a newspaper or a
Q36: Written acceptance of an offer generally takes
Q37: A counteroffer
A) has no legal effect.
B) is
Q38: Of the following, the one that does
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