A buyer requests sealed bids to buy equipment and expressly reserves the right to reject all bids. A…
The request invites offers because the buyer is soliciting bids and has reserved the right to reject all of them. The supplier’s definite bid is an offer. The buyer’s…
Choose your answer
A buyer requests sealed bids to buy equipment and expressly reserves the right to reject all bids. A supplier submits a definite bid on the stated terms. What is the usual legal character of the request and the bid?
Answer and explanation
Correct answer B
The request invites offers because the buyer is soliciting bids and has reserved the right to reject all of them.
The supplier’s definite bid is an offer.
The buyer’s receipt of a bid does not itself accept the offer.
Option feedback
Option A
The buyer reserves the right to reject every bid, so the request does not itself propose a bargain capable of acceptance.
Option B
The buyer solicits offers. The supplier makes an offer by submitting a definite bid.
Option C
The request reserves the right to reject all bids, so it invites offers. The bid is an initial offer in response.
Option D
The supplier makes a definite offer on the stated terms, going beyond a request for information.
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