In the context of offers, there are several ways in which an offer can expire. The best answer is "All of the Above." Here's an explanation of each reason:
1. Lapse of Time: If the offer specifies a deadline by which it must be accepted, the offer will expire once that time has passed without acceptance. For example, if an offer states that it must be accepted within 3 days and the recipient does not accept within that time frame, the offer expires.
2. Death or Person Making the Offer: If the person making the offer passes away before the offer is accepted, the offer becomes invalid as they are no longer able to fulfill it. Offers made by individuals are generally terminated upon the death of the offeror.
3. Illegality: If the subject matter of the offer becomes illegal before it is accepted, the offer automatically expires. For instance, if an offer is made to sell a prohibited item, such as illegal drugs, and the item becomes illegal to possess or sell, the offer is no longer valid.
By understanding these reasons, you can see how an offer can expire due to various circumstances. This comprehensive approach covers the key aspects of offer expiration, making "All of the Above" the most suitable choice.
