MisconceptionObserved in bank
Firm Offer Equals Option Contract
This trap appears as a wrong-answer choice in 1 active question. Spotting how it is built is the repair: read each example's “why it's attractive” before the “why it's wrong.”
Subject distribution
- Contracts1
Example wrong choices
14437_lydias_verse_card_boxes · CONTRACTS · Choice AYes, because Barnabas’s letter created a one-year option contract.
Why it's wrong
Choice A is not the credited answer for this item.
14437_lydias_verse_card_boxes · CONTRACTS · Choice BNo, because Lydia did not accept Barnabas’s offer within a reasonable time.
Why it's wrong
Choice B is not the credited answer for this item.
14437_lydias_verse_card_boxes · CONTRACTS · Choice DNo, because under applicable law the irrevocability of Barnabas’s offer was limited to three months.
Why it's wrong
Choice D is not the credited answer for this item.
Practice the questions that use this trap as a distractor and get full Wrong Answer Forensics on submit.
Practice questions using this trap →