If a person wishes to ensure that an offer will in fact be held open for a set period of time,the person may do so by entering into a(n)________ contract with the offeror.
A)quasi-
B)implied
C)voidable
D)option
E)implied-in-law

Question

Quizplus · Accepted Answer

If a person wishes to ensure that an offer will in fact be held open for a set period of time,the person may do so by entering into an option contract with the offeror.An option contract is an agreement whereby the offeree gives the offeror a piece of consideration in exchange for the offeror's agreement to hold the offer open for the specified period of time.

If a Person Wishes to Ensure That an Offer Will