On February 1, Frank's Fedora Manufacturers sends an offer to Metropolitan Outfitters by letter with all price, quality, quantity, and delivery terms clearly stated, indicating that the offer will remain open until October 1. On September 1 Metropolitan sends an acceptance of the offer to Frank's with no material alterations to any of the stated terms in the offer. The acceptance makes the contract valid and enforceable.

Question

Quizplus · Accepted Answer

Firm offers may be for only three months before they expire. Here, the firm offer indicated a 10-month span and the offer was accepted in the seventh month. There is no contract.

On February 1, Frank's Fedora Manufacturers Sends an Offer to Metropolitan