Final answer:
In contract law, if no time limit is stated, an offer will not terminate until after a reasonable time expires.
Step-by-step explanation:
In the context of contract law, if no time limit is stated, an offer will not terminate until after a reasonable time expires. This means that the offer will remain open for acceptance by the offeree for a reasonable period of time. However, what constitutes a reasonable time will depend on the specific circumstances of each case.
For example, if a person offers to sell a car to another person with no time limit specified, the offer will remain open until a reasonable time has passed. The determination of what is reasonable will depend on factors such as the nature of the offer, the subject matter of the contract, and any industry standards or customs.
In summary, in the absence of a specified time limit, an offer will not terminate until after a reasonable time expires in contract law.