Question: Revocation is effective : after being stated by the offeree after being stated by the offeror upon receipt

Revocation is effective :
after being stated by the offeree
after being stated by the offeror
upon receipt
Revocation is effective : after being stated by the offeree after

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

Q:

What situation may constitute as a breach of contract? What options does a party have if their contract has been breached by the other party? Have you been involved in an agreement where one party...

Q:

1. a)How is the Domingo v. Mitchell and Mason v. Kolodziej case applicable and relevant to the business environment? b) discuss why should business law students read these 2 cases and is one case...

Q:

One important issue with revocation is the Blank _ _ _ _ _ _ of the revocation, since most states follow the rule that revocation is effective only Blank _ _ _ _ _ _ by the offeree. Multiple choice...

Q:

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

4) Parktown Realty Inc developed an upscale condominium complex. On October 1, Miranda Wine signed an offer to purchase one of the units. Part of that document said, "This offer is irrevocable by the...

Q:

*Discussion Post* Professor Question: Reasonably Definite Term & Contract Offer, Termination of an Offer, Who May Accept an Offer (PLEASE READ) Based on the "Professor Analysis" Questions and Answers...

Q:

Administrative Law 5 A dministrative law governs and defines the powers of government agencies. A number of political and technological factors have led to an explosion in the growth of government...

Q:

Please help me answer this question using the IRAC method, i have also included Chapter 7 of the textbook under the case study below to help you answer. Mini case study 2 Tammy has a large collection...

Q:

is it True (T) or False (F)? 1. All agreements are contracts, but not all contracts are agreements. T F 2. All contracts are agreements and all agreements are contracts. T F 3. Written contracts must...

Q:

What are the requirements for a PMSI to take priority over an earlier perfected interest?

Q:

By differentiation of the 35 radial wave function, show that it has three extreme a in its amplitude, and locate them.

Q:

Which one of the following statements is correct for a levered firm? eBook Multiple Choice To obtain its maximum value, a firm should select an all equity captal structure. The value of a firm is...

Q:

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...