Asked by YUEYING HUANG on Jul 13, 2024
Verified
An offeror can revoke the offer at any time unless the offeror says he or she will hold the offer open for a stated period of time.
Revoke the Offer
The act of withdrawing a proposal that was previously presented to another party before it has been accepted.
- Understand the principles surrounding the communication and acceptance of proposals, including the specifics of the mailbox rule.
Verified Answer
EG
Emily GomesJul 15, 2024
Final Answer :
False
Explanation :
The offeror is said to be the master of his offer and,as such,can revoke it at any time,even if he says he will hold the offer open for a stated period of time.
Learning Objectives
- Understand the principles surrounding the communication and acceptance of proposals, including the specifics of the mailbox rule.