"I will sell you my car for $5,000," says A. "How about $4,000 instead?" says B. The offer to sell for $5,000 has been terminated.
Correct Answer:
Verified
Q24: Most contracts are bilateral.
Q25: Option contracts are binding promises to keep
Q26: "I want $10,000 for my car," says
Q27: Most contracts are unilateral.
Q28: In unilateral contracts, performance is acceptance of
Q30: An offer that is missing only one
Q31: Termination of an offer can only occur
Q32: An offer may be revoked before the
Q33: "I will pay you $100 to not
Q34: Option contracts are binding promises to keep
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