Withdrawal of an offer by the offeror is a(n):
A)counteroffer
B)revocation
C)reinstitution
D)reinstallation
E)resection

Name: Withdrawal of an offer by the offeror is a(n): A)counteroffer B)revocation C)reinstitution D)reinstallation E)resection
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Question

Quizplus · Accepted Answer

Withdrawal of an offer by the offeror is called revocation. A revocation is the act of calling back an offer by the offeror before it has been accepted by the offeree. This terminates the offer and the offeree can no longer accept it.

Withdrawal of an Offer by the Offeror Is A(n)