Question $5$

How does an offer differ from anoption contract?

$($A$)$ An offer has to be communicatedbefore it can be accepted, but an option contract does not have to becommunicated.

$($B$)$ An offer must contain definiteterms, but an option contract is simply an outline of a proposed agreement.

$($C$)$ An offer can be revoked by the offeror at any time before the offereeaccepts the offer, but an option contract cannot be revoked by theofferor until the time stated in theoption contract has expired.

$($D$)$ An offer is valid until it is reiectedby the offeree, but an option contract ends at the option of the offeror.

Question $6$

What is the form of alternative disputeresolution that does not involve aneutral third party and that allows the parties to the dispute to maintain ahigh level of autonomy

$($A$)$ Negotiation

$($B$)$ Arbitration

$($C$)$ Mediation

$($D$)$ Med $-$ arb