Offer is no good after: when does it expire according to the rule?

Offer is no good after: when does it expire according to the rule?

• A. If not answered within the specified reply time
• B. After 24 hours regardless of the reply time
• C. Only after a formal counteroffer is made
• D. Never expires as long as negotiations are ongoing

Answer: (A)

The main idea is that an offer includes a deadline for acceptance. If you don’t respond by the specified reply time, the offer ends and is no longer valid. That’s why the correct choice is that it expires if not answered within the stated time. The other ideas aren’t correct because offers aren’t fixed to 24 hours by rule, they don’t need a counteroffer to terminate, and negotiations don’t keep an offer alive indefinitely if a time limit has been set or the offeror revokes it.

The main idea is that an offer includes a deadline for acceptance. If you don’t respond by the specified reply time, the offer ends and is no longer valid. That’s why the correct choice is that it expires if not answered within the stated time. The other ideas aren’t correct because offers aren’t fixed to 24 hours by rule, they don’t need a counteroffer to terminate, and negotiations don’t keep an offer alive indefinitely if a time limit has been set or the offeror revokes it.