A(n) ________ is a withdrawal of an offer by the offeror that terminates the offer.
A) rejection
B) advertisement
C) revocation
D) counteroffer

Question

Quizplus · Accepted Answer

Revocation is the withdrawal of an offer by the offeror that terminates the offer. This means that the offeror is no longer bound to the terms of the initial offer and cannot be held to its terms by the offeree. A rejection is a response by the offeree that indicates they are not willing to accept the offer. An advertisement is a form of communication that seeks to persuade potential customers to purchase or take some action. A counteroffer is a response by the offeree that suggests new or different terms for the agreement.

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