Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When an offer has lapsed, the offeree can no longer accept it even if he is unaware that it has lapsed; it has become void
When an offer has lapsed, the offeree can no longer accept it even if he is unaware that it has lapsed; it has become void and no longer exist. An offer may lapse in any of the following ways, except?
A When the offeree fails to accept within a time specified in the offer.
B When the offeree fails to accept within a reasonable time, if the offer has not specified any time limit
C When either of the parties dies or becomes insane prior to acceptance.
D When either of the parties dies or becomes bankrupt prior to acceptance.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started