Practice Quiz

CLEP Business Law

Category - Contracts

Start a Study Session Sign up for Question of the Day
When can a party who makes an offer revoke it?
  1. At any time prior to acceptance.
  2. At any time prior to communicating the offer to the offeree.
  3. Once an offer is made it cannot be revoked.
  4. At any time before it is put in writing.
  5. At any time before it is mailed to the offeree.
Explanation
Answer: A. A party who makes an offer can revoke it at any time prior to acceptance. To effectively revoke an offer, the offeror must notify the offeree of the revocation. An offer can also be revoked by the lapse of time without acceptance or by the death of the offeror.
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz