Once offeree rejects an option contact

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Reference no: EM133808657

Question

Once an offeree rejects an option contact (a contract open for a predetermined period of time), what happens?

The contract will be valid until the open period ends and the offeree can change his or her mind. The contract is immediately terminated. There is a 72-hour "cooling off" period before the contract is terminated. Nothing

Reference no: EM133808657

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