Author Question: If an offeror receives something of value in return for a promise to hold the offer open, it is said ... (Read 194 times)

wrbasek0 · **on:** Jun 24, 2018

If an offeror receives something of value in return for a promise to hold the offer open, it is said to be a(n) ________, and this type of offer cannot be revoked.
A) option
B) counteroffer
C) invitation to make an offer
D)definite offer

Question 2

An illegal provision in a contract:
A)causes the entire contract to be void.
B)causes the entire contract to be rescinded.
C)can be ignored by the parties in their performance of the remaining legal provisions of the contract.
D)can be ignored by the parties, because an illegal provision in a contract is not deemed substantial.