Apedia

Contract Option A[N Offeror Agrees Hold Offer Open

Front
A[n] ________ is where the offeror agrees to hold an offer open and not to enter into a contract with another party for a certain period of time in exchange for consideration.
a severable contract
option contract
a divisible contract
a voidable contract
Back option contract

Learn with these flashcards. Click next, previous, or up to navigate to more flashcards for this subject.

Next card: Writing elements contract capacity mutual assent consideration

Previous card: Contract unilateral promise accepted performance person offered implied

Up to card list: BusLaw12345