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Question 1 3 Pete negotiates a deal for the sale of certain real estate to Owen. Pete promises to hold the offer open in return

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Pete negotiates a deal for the sale of certain real estate to Owen. Pete promises to hold the offer open in return for a small payment but does not state an exact period of time. With respect to this offer

Pete must hold the offer open for an indefinite period.

the deal is done.

a reasonable period of time is implied.

the deal is binding except for Pete's promise to hold the offer open.

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