True or False. An offer (by a merchant) that is irrevocable without the necessity of consideration for a stated period of time or, if no definite period is stated, for a reasonable time (neither period to exceed 3 months). A firm offer by a merchant must be in writing and must be signed by the offeror.'

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26 July, 18:51

True or False. An offer (by a merchant) that is irrevocable without the necessity of consideration for a stated period of time or, if no definite period is stated, for a reasonable time (neither period to exceed 3 months). A firm offer by a merchant must be in writing and must be signed by the offeror.'

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Misha · Answer 1

The correct answer is : True

Explanation:

In order for the goods to be bought or sold the terms of it gives assurance that it will be held open and it is not revocable. Under the regular contract principles is not possible, but the offeree can pay a consideration for the promise to keep the offer open