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Alenkasestr [34]
2 years ago
10

In the context of termination of an offer, ________ occurs when an offeror retracts the offer before the acceptance. Group of an

swer choices reversion rejection revocation rescission novation
Business
1 answer:
uranmaximum [27]2 years ago
8 0

In the context of termination of an offer, <u>revocation</u> occurs when an offeror retracts the offer before the acceptance.

Termination of a proposal contract law is in which the offer is terminated earlier than the alternative side has the possibility to accept or reject it simply. This is known as “termination of a suggestion,” and there may be some reasons it may manifest.

Whoever makes an offer can revoke it as long as it hasn't yet been widespread. This means if you make a proposal and the alternative birthday party wants a while to suppose it via, or makes a counteroffer with modified terms, you can revoke your original offer.

Revocation is an annulment or cancellation of a declaration or agreement. inside the context of contracts, revocation may discuss with the offeror canceling a suggestion.

Learn more about revocation here brainly.com/question/14398721

#SPJ4

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