Question $42$

If no time is specified for the acceptance of an offer, the offer terminates after:

$24$ hours.

$48$ hours.

two weeks.

a reasonable period of time.

Question $43$

Albert read Gem City's ad in the local newspaper advertising a one$-$quarter carat diamond ring for $$89.$ Albert rushed to the store to buy the ring, only to

be told by the salesperson that the ad was a misprint and the price should have been $$289.$ Albert gave the salesperson $$89$ plus sales tax and demanded

the ring. In this case:

the ad is a firm offer by the merchant, and the ring must be sold for $$89.$

the ad is a contract and the store must abide by terms stated in the contract.

the store must accept the price stated in the ad$,$ but only if Albert has a copy of the ad with him.

Albert is merely making an offer to Gem City to buy the ring for $$89$ plus sales tax.