How is a reasonable time after which an offer would lapse, Management Theories

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How is a reasonable time after which an offer would lapse

Question: 1. How is a "reasonable time" after which an offer would "lapse" determined?

2.Does an inquiry about terms that differ from the offer terms reject the offer, thus preventing a contract on the offer's terms?

3. How may an offer received by

(a) letter,

(b) telegraph, or

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Management Theories: How is a reasonable time after which an offer would lapse

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