Under common law which of the following statements is correct?

Question

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Under common law, if an offer does not specify a time for acceptance, the offer will lapse after a "reasonable time." What constitutes a reasonable time will depend on the circumstances of each case, but it is generally considered to be a period of time that allows the offeree to respond in a timely manner.

B) is incorrect because an offer can be made to a class of people, such as an advertisement for a sale or promotion that is open to anyone who meets certain criteria.

C) is incorrect because silence cannot be taken to mean acceptance under common law. Generally, acceptance must be communicated to the offeror in some way, either through words or conduct.

D) is incorrect because acceptance must not only be genuine, but it must also be communicated to the offeror in some way. This is known as the "communication of acceptance" rule.

Under Common Law Which of the Following Statements Is Correct