Asked by Corey Cuvellier on Sep 30, 2024
A revocation is effective at the time it is dispatched by the offeror.
Revocation
In general, the recalling or voiding of a prior action. In contract law, the withdrawal of an offer by the offeror prior to effective acceptance by the offeree.
Dispatched
The act of sending someone or something off to a destination or for a specific purpose, often related to the delivery of goods or services.
- Understand the consequences of the behaviors of both the offeror and the offeree (including death) on maintaining an offer's validity.
Learning Objectives
- Understand the consequences of the behaviors of both the offeror and the offeree (including death) on maintaining an offer's validity.