
Essentials of Business Law 7th Edition by Anthony Liuzzo
Edition 7ISBN: 978-1121749979
Essentials of Business Law 7th Edition by Anthony Liuzzo
Edition 7ISBN: 978-1121749979 Exercise 6
Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column.
a. acceptance
b. counteroffer
c. invitation to trade
d. lapse of time
e. mailbox rule
f. offeree
g. offeror
h. public offer
i. request for a proposal
j. revocation
The offeror's rescinding of an offer that has never been accepted by the offeree.
a. acceptance
b. counteroffer
c. invitation to trade
d. lapse of time
e. mailbox rule
f. offeree
g. offeror
h. public offer
i. request for a proposal
j. revocation
The offeror's rescinding of an offer that has never been accepted by the offeree.
Explanation
Revocation:
When an offeror withdraws t...
Essentials of Business Law 7th Edition by Anthony Liuzzo
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