Bids:A) are legally not enforceable.B) can be verbal but not written.C) cannot respond to a petition.D) can be written but not verbal.E) can be in response to a solicitation or unsolicited.

Question

Bids:A)  are legally not enforceable.B)  can be verbal but not written.C)  cannot respond to a petition.D)  can be written but not verbal.E)  can be in response to a solicitation or unsolicited.

Stephen Billiy · Accepted Answer

Final Answer : E, Explanation :  Bids can be in response to a solicitation (i.e. when a buyer invites bids from potential sellers) or unsolicited (i.e. when a seller offers to sell goods or services to a buyer without any prior request or invitation). Bids can be both written and verbal. While bids are not contracts and therefore not legally enforceable, they are considered a binding offer to enter into a contract if accepted by the buyer.

Bids:

A) are legally not enforceable.
B) can be verbal but not written.
C) cannot respond to a petition.
D) can be written but not verbal.
E) can be in response to a solicitation or unsolicited.

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