Business Law 6-2 Termination of Offers
Merchants
?? are those who regularly deal in bought or sold goods.
Counteroffer
?? results when the offeree changes the offeror's terms
Original
A counteroffer terminates the ?? offer.
Option
An ?? is made when an offeree gives the offeror something of value in return for a promise to keep the offer open.
Time
An acceptance to an offer must be received within the ?? stated in the offer.
Firm Offer
An offer by a merchant for the sale or purchase of goods stating in a signed writing how long it is to stay open is called a ??
Insanity
Death or ?? on the part of the offeror or the offeree terminates their offer.
UCC
The ?? makes firm offers biding for the time stated.
Revocation
The right of ?? allows an offeror to withdraw an offer before it is accepted.
Terminated
When an offeree rejects the offer, the offer is ??
