Withdrawing on an offer to buy a house prior to the seller accepting it is a:
A)counteroffer.
B)rejection.
C)suspension.
D)revocation.
E)breach.

Name: Withdrawing on an offer to buy a house prior to the seller accepting it is a: A)counteroffer. B)rejection. C)suspension. D)revocation. E)breach.
Brand: Quizplus
Rating: 4.7 (41 reviews)

Question

Quizplus · Accepted Answer

Revocation is the correct term for withdrawing an offer before it is accepted by the seller. This action terminates the offer, allowing the offeror to withdraw without any legal obligation to the offeree.

Withdrawing on an Offer to Buy a House Prior to the Seller