In the context of termination of an offer,______ occurs when an offeror retracts the offer before the acceptance.
A) rejection
B) reversion
C) novation
D) revocation
E) rescission

Question

Quizplus · Accepted Answer

When an offer terminates, the offeree's legal power to bind the offeror ends.
An offer can be terminated by the offeror's revocation, which refers to retracting the offer before the acceptance.

In the Context of Termination of an Offer,______ Occurs When