CAF-4 · Chapter 2 · Question 11 of 15
What happens if a proposal does not prescribe any specific time for its acceptance?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The offer lapses after a reasonable time.
Explanation
A proposal is revoked by the lapse of the time prescribed, or, if no time is prescribed, by the lapse of a reasonable time without communication of the acceptance.
More Offer, Acceptance and Revocation MCQs
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