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This is the consideration provided by the offeree for the offeror to keep his
offer open for a specified duration.
The offeror cannot revoke the offer before such duration expires. It can also be defined
as an agreement between the offeror and the offeree by which the offeror agrees to
keep his offer open for a specified duration.
maurice.mutuku answered the question on May 2, 2018 at 06:25
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