Contracts
In Hawaii, what is the legal significance of an offer's 'expiration date'?
AA. The offer must be accepted by the expiration date or it is automatically void✓ Correct
BB. The expiration date is a courtesy; late acceptance is always valid
CC. The seller can extend the expiration date without the buyer's consent
DD. The expiration date only applies if it is written in bold type
Explanation
An offer expires at the stated deadline if not accepted. After expiration, the offer is void and the offeror is no longer bound by the terms, though they may choose to resubmit.
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