Give an account of termination of offer due to lapse of time
What will be an ideal response?
An offer expires at the lapse of time of an offer. An offer may state that it is effective only until a certain date. Unless otherwise stated, the time period begins to run when the offer is actually received by the offeree and terminates when the stated time period expires. If no time is stated in an offer, the offer terminates after a "reasonable time" dictated by the circumstances.
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The characteristics of Web users can be most accurately summarized as being _____
a. empty nesters b. upscale c. sole survivors d. newly married
The doctrine of ________ allows the court to order an oral contract for the sale of land or transfer of another interest in real property to be specifically performed if it has been partially performed and performance is necessary to avoid injustice.
A. part performance B. undue performance C. equitable performance D. promissory estoppel
Friendliness with a purpose describes:
A) Empathy. B) Self-regulation. C) Obsequiousness. D) Social skill.
Which one of the following statements is TRUE?
A. In an agency relationship, the principal delegates decision-making authority to the agent. B. In an agency relationship, the agent delegates authority to the principal. C. An example of an agency relationship is when the CEO nominates a slate of candidates to be on the board of directors. D. An example of an agency relationship is when a supervisor hires a forklift operator. E. The supervisor-employee relation between a production line supervisor and a production line operator is an example of an agency relationship.