In which of the following situations would an offer to enter a contract terminate (CHOOSE ALL THAT APPLY): The offeree responds to the offeror with a counteroffer The offeror withdraws the offer before it is accepted and the offer was revocable The offeror withdraws the offer before it is accepted and the offer was irrevocable The offeree does not immediately acknowledge the existence of the offer The offeror becomes hospitalized with a serious illness A law is passed that makes the subject matter of the contract offer illegal
In which of the following situations would an offer to enter a contract terminate (CHOOSE ALL THAT APPLY): The offeree responds to the offeror with a counteroffer The offeror withdraws the offer before it is accepted and the offer was revocable The offeror withdraws the offer before it is accepted and the offer was irrevocable The offeree does not immediately acknowledge the existence of the offer The offeror becomes hospitalized with a serious illness A law is passed that makes the subject matter of the contract offer illegal
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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In which of the following situations would an offer to enter a contract terminate (CHOOSE ALL THAT APPLY):
- The offeree responds to the offeror with a counteroffer
- The offeror withdraws the offer before it is accepted and the offer was revocable
- The offeror withdraws the offer before it is accepted and the offer was irrevocable
- The offeree does not immediately acknowledge the existence of the offer
- The offeror becomes hospitalized with a serious illness
- A law is passed that makes the subject matter of the contract offer illegal
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