NBE Funeral Service Director

Category - Arts - Regulatory Compliance

The act to withdraw, cancel or cease any act may be accomplished by:
  1. Cancellation
  2. Consideration
  3. Revocation
  4. Agreement
Explanation
Answer: C - Revocation withdraws, cancels or ceases an act agreed upon between two or more parties.

Revocation is a legal term used to describe the process by which a transaction between parties is cancelled or otherwise ceases. Cancellation refers to the rights of one party to end or cancel a transaction based on the terms of a contract, which is an agreement between both parties while consideration is something of value exchanged as a result of the contract.
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