A dealer puts an offer in writing and states it cannot be revoked for three months. Under the code this is a:
AForced sale
BFirm offer
CFree offer
DFinal bid
Answer & Solution
Correct answer: B. Firm offer
1. An ordinary offer can be withdrawn before acceptance.
2. A written merchant's promise not to revoke changes that.
3. The code calls it a firm offer.
_Source: OpenStax Business Law I Essentials 2e, Chapters 7 and 8, Contract Law and Sales Contracts._
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