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Standing Offer means
  • a)
    Offer allowed to remain open for acceptance over a period of time.
  • b)
    Offer made to the public in general.
  • c)
    When the offeree offers to qualified acceptance of the offer.
  • d)
    Offer made to a definite person
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Standing Offer meansa)Offer allowed to remain open for acceptance over...
A standing offer is not a contract. A standing offer is an offer from a potential supplier to provide goods and/or services at pre-arranged prices, under set terms and conditions, when and if required. It is not a contract until the government issues a "call-up" against the standing offer.
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Standing Offer meansa)Offer allowed to remain open for acceptance over a period of time.b)Offer made to the public in general.c)When the offeree offers to qualified acceptance of the offer.d)Offer made to a definite personCorrect answer is option 'A'. Can you explain this answer?
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