1. Norman sends out an offer to Peter which therein states "this offer may not be revoked". Peter may now take his time to consider the offer as the offer cannot lapse.

Group of answer choices

True

False

2. Which of the following business entities can be created automatically, simply by the actions of the intended principal(s)?

Group of answer choices

A. Sole Proprietorship.

B. Partnership.

C. Corporation.

Both A and B.

Both A and C.

All of the above.