What must an offeror do if the offer is unconditional?

In the context of contractual offers, an unconditional offer typically means that the offeror does not impose any conditions on the acceptance of the offer. When an offer is made on such terms, there are certain standards that guide its validity and acceptance period.

The correct answer indicates that an unconditional offer must remain open for acceptance for 14 days. This is significant because it provides a clear timeframe during which the offeree can consider the offer and respond. It allows the offeror to maintain a level of commitment to the offer while also providing security for the offeree to evaluate their options without the threat of the offer being withdrawn prematurely.

In practice, this 14-day period is a common standard that balances the interests of both parties: it gives the offeree reasonable time to accept or reject the offer while ensuring that the offeror's proposal does not linger indefinitely, which could complicate business dealings and strategic planning.