Question: Identify the correct statement that would reject an offer. Rejection is effective upon receipt by the offeror. After a rejection has been received, the offeree

Identify the correct statement that would reject an offer.

Rejection is effective upon receipt by the offeror.

After a rejection has been received, the offeree still has 24 hours to change their mind and accept.

A rejection of an offer occurs when the offeror terminates the offer.

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