Asked by Le'Aisha Marshall on Jun 08, 2024
Verified
Which of the following is the phrase used to explain why an offeror has the right to revoke an offer before acceptance?
A) The offeror is the "controller of his offer."
B) The offeror is the "master of his offer."
C) The offeror is the "proponent of his offer."
D) The offeror is the "adjudicator of his offer."
E) The offeror is the "arbiter of his offer."
Master Of His Offer
The principle that the offeror controls the terms and conditions of an offer until it is accepted.
Offeror
The party in a contract negotiation that makes the initial offer or proposal.
Revoke
The act of officially canceling or withdrawing something, such as a law, right, or privilege.
- Acquire knowledge about the essential conditions and stipulations required to form a binding agreement, including the roles of offer, acceptance, and consideration.
Verified Answer
DF
Dzifa Felicia SakiteyJun 13, 2024
Final Answer :
B
Explanation :
The phrase "the offeror is the 'master of his offer'" is commonly used in contract law to explain that the person making the offer has the authority to revoke it before it is accepted, emphasizing the control the offeror has over the terms and existence of the offer.
Learning Objectives
- Acquire knowledge about the essential conditions and stipulations required to form a binding agreement, including the roles of offer, acceptance, and consideration.