| A | B |
|---|
| The right of revocation allows an offeror to withdraw an offer before it is _______________. | accepted |
| An acceptance to an offer must be received within the ________________________. | time stated in the offer |
| When an _____________ rejects the offer, the offer is terminated or evaporated | offeree |
| A counteroffer results when the offeree _____________________. | changes the offeror's terms |
| An option is made when an offeree gives the offeror something of ___________ in return for a promise to keep the offer open | value |
| Merchants are those who regularly deal in ____________________. | bought or sold goods |
| A ____________________ terminates the original offer | counteroffer |
| The _______________ makes firm offers binding for the time stated. | Uniform Commercial Code time stated |
| An offer by a ______________ for the sale or purchase of goods stating in a signed writing how long it is to stay open is called a firm offer. | merchant |
| Death or insanity on the part of the offeror or the offeree _______________ their offer | terminates |
