Which of the following is a common distinguishing characteristic that may be attributed to both an option agreement and a counteroffer?
A) Both can result in a lawsuit for damages if deliberately rejected by the offeror.
B) Both are subject to revocation by the offeror prior to lapse of a set period of time.
C) Both form a separate contract that may or may not lead to acceptance of an offer.
D) Both serve to prohibit the lapse of an offer before a set time period has expired.
Correct Answer:
Verified
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