You are interested in buying coffee beans for your coffee roastery. The wholesaler offers to sell you coffee beans from Sumatra at $ 1.00 per pound for a maximum of 500 pounds. You are looking around for a better price. The wholesaler puts the offer in writing stating that is it irrevocable for up to 90 days.
a. Money or other consideration is required to keep the offer open.
b. Money or other consideration is only required if the contract is for longer than a year.
c. Money or other consideration is not required to keep the offer open.
d. None of the answer choices are correct.