When two parties exchange identical offers in ignorance at the time of each other`s offer, the offers are called
-
standing offer
-
open offer
-
identical offers
-
cross offer
D
Correct answer
Explanation
When two parties make identical offers to each other without knowing about the other's offer, these are called cross offers. Since cross offers do not involve knowledge of the other offer and acceptance, no valid contract is formed. Option A (standing offer) refers to an offer that remains open for acceptance over time, while option B (open offer) is not a standard legal term. Option C merely describes them without using the proper legal terminology.