Withdrawal of an offer by the offeror is a:
A) counteroffer
B) revocation
C) reinstitution
D) reinstallation
E) resection

Name: Withdrawal of an offer by the offeror is a: A) counteroffer B) revocation C) reinstitution D) reinstallation E) resection
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Revocation refers to the withdrawal of an offer by the offeror. It is important to note that revocation is only effective if it is communicated to the offeree before the offer is accepted.

Withdrawal of an Offer by the Offeror Is A