Nevin negotiates a deal for the sale of twenty-five acres of farmland to Otis. Nevin promises to
Fantastic news! We've Found the answer you've been seeking!
Question:
Nevin negotiates a deal for the sale of twenty-five acres of farmland to Otis. Nevin promises to hold the offer open in return for a small payment but does not state an exact period of time. With respect to this offer
A) The deal is binding except for the promise to hold the offer open.
B) A reasonable period of time is implied.
C) The offer must be held open for an indefinite period.
D) The deal is done.
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
Posted Date: