What defines a standing offer?

• A. An invitation to treat
• B. A formal contract requiring signature
• C. An offer that must be accepted immediately
• D. An offer that may be accepted as needed from time to time

Answer: (D)

A standing offer is an open-ended arrangement that stays available for a defined period, allowing acceptance as needs arise. It isn’t tied to one immediate sale; instead, the buyer can issue call-offs for specific needs, and each call-off, when accepted under the stated terms, creates a separate contract under the standing offer framework. This setup is ideal for flexible, repeat purchases at pre-negotiated prices and conditions. The offer remains in effect until it expires or is revoked, and the actual binding agreements are formed only when a call-off is issued and accepted.