Asked by
Yokesh Kumar
on Nov 29, 2024
Verified
An ad in a newspaper or a circular describing goods and stating prices would generally be considered:
A) a firm offer if made by a merchant.
B) an offer if made by a merchant, but not a firm offer.
C) an offer irrespective of who made the offer.
D) an invitation to buyers to make an offer to buy goods.
Invitation
An offer to deal or negotiate that indicates a willingness to enter into a contract under specified terms.
Firm Offer
An offer made in writing by a merchant guaranteeing to hold the offer open for a specified period of time without revocation.
- Differentiate between proposals and solicitations for bargaining.
Verified Answer
BJ
Learning Objectives
- Differentiate between proposals and solicitations for bargaining.