Revocation refers to the offeree communicating to the offeror that the offeree does not want to accept the offer.
Correct Answer:
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Q23: In an auction without reserve,the bidders are
Q24: An offer may be terminated by operation
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Q26: In an auction with reserve,the seller is
Q27: In an auction with reserve,the seller retains
Q29: Revocation may be made by the offeror's
Q30: An offer is considered to be communicated
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Q67: A counteroffer by the offeree simultaneously terminates
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