Question: If an offer does not state how long it shall remain open for acceptance, it remains open for ten days. True False

If an offer does not state how long it shall remain open for acceptance, it remains open for ten days.
True
False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

1. A contract never can be both executory and unilateral. a. True b. False 2. An acceptance must be absolute and unconditional. a. True b. False 3. An offer is effective only if it is communicated by...

Q:

22. To be enforceable under the statute of frauds, the note or memorandum must be signed by the party sought to be bound by the contract. a. True b. False 23. If a municipality contracts with a...

Q:

Ch 9 1)Which of the following is true regarding the validity of various means of acceptance (assuming no means of communicating the acceptance is specified)? Telephone, mail, and e-mail are all valid...

Q:

Home Depot contracts with Drills-R-Us for an order of custom power washers with the Home Depot logo printed directly on the washer. Drills-R-Us sends Home Depot a merchants confirmation memo with all...

Q:

Home Depot contracts with Drills-R-Us for an order of custom power washers with the Home Depot logo printed directly on the washer. Drills-R-Us sends Home Depot a merchants confirmation memo with all...

Q:

Home Depot contracts with Drills - R - Us for an order of custom power washers with the Home Depot logo printed directly on the washer. Drills - R - Us sends Home Depot a merchants confirmation memo...

Q:

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

Unit1 1) The court's decision in Brown v. Board of Education had what effect on the decision made in Plessy v. Ferguson? a. It showed that precedent can be overruled and is not binding in every...

Q:

4) Parktown Realty Inc developed an upscale condominium complex. On October 1, Miranda Wine signed an offer to purchase one of the units. Part of that document said, "This offer is irrevocable by the...

Q:

BMGT 380 - Final Exam Questions for E-resources - Fall 2014 Multiple Choice: 1 point each 1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the...

Q:

Gardena Ltd.is a medium-sized company engaged in the production and sale of garden furniture. During the past financial year demand for all three of their products, Benches, Tables and Loungers...

Q:

Consider the transactions listed on the left. Match each transaction to the financial statement effects listed on the right. Enter the correct number in the "corresponding number" Transaction...

Q:

Through _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ an insured suffering from a terminal illness can receive a portion of her death benefits to improve her quality of life before death.

Q:

Thomas Cycles manufactures chainless bicycles. On March 31, Thomas Cycles had 312 bikes in inventory. The company has a policy that the ending inventory in any month must be 30% of the following...