In case an offeror withdraws his/her offer, it is called _____.
A) rejection
B) reversion
C) novation
D) revocation
E) triangulation

Question

Quizplus · Accepted Answer

When an offer terminates, the offeree's legal power to bind the offeror ends. An offer can terminate by the offeror's revocation which refers to withdrawing of an offer by its offeror. "I regret to inform you that I am withdrawing my offer."Refer To: Sidebar 8.4

In Case an Offeror Withdraws His/her Offer, It Is Called