ContractsOffer_and_acceptanceEASY
A buyer submits an offer with a 48-hour acceptance deadline. On hour 50, the seller signs the offer without changes. Has a contract been formed?
Correct Answer
A) No, because the offer expired before acceptance and the seller's signature is now a counteroffer
Once the acceptance deadline passes, the offer expires. The seller's late signature is treated as a new counteroffer that the buyer may accept or reject.
Answer Options
A
No, because the offer expired before acceptance and the seller's signature is now a counterofferB
Yes, because the seller signed itC
Yes, because the 48-hour deadline is merely a suggestionD
No, but the buyer is still obligated to proceedWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Contracts Question
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Background Knowledge for Contracts
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Real World Application in Contracts
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Common Mistakes to Avoid on Contracts Questions
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Related Topics & Key Terms
Key Terms:
offer_and_acceptancecontractsexpirationdeadline
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