Business Law 6.2 worksheet

Front

The right of _ allows an offeror to withdraw an offer before it is accepted

Back

revocation

Front

An acceptance to an offer must be received within the _ stated in the offer

Back

time

Front

When an offeree rejects the offer, the offer is

Back

terminated

Front

A(n) _ results when the offeree changes the offeror's terms

Back

counteroffer

Front

A(n) _ is made when an offeree gives the offeror something of value in return for a promise to keep the offer open

Back

option

Front

_ are those who regularly deal in bought or sold goods

Back

merchants

Front

The _ makes firm offers binding for the time stated

Back

uniform commercial code

Front

A contractual proposal by a merchant for the sale or purchase of goods stating in a signed writing how long is it to stay open is called a _

Back

firm offer

Front

Death or _ on the part of the offeror or the offeree terminates their offer

Back

insanity

Front

A signed, written offer made by a merchant

Back

firm offer