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Wednesday, 29 January 2020
Agent Resource Center
Agent Resource Center

Questino: An offer is terminated by:

Written by Posted On Thursday, 28 November 2019 05:00

(A) Revocation by the offeree
(B) Rejection by the offeror
(C) Rejection by the offeree
(D) If the contract has been changed by the offeror

 

Answer:  (C) An understanding of the term “revoke” and “reject” is essential in these answers. An offeror revokes an offer and an offeree rejects an offeror's offer. When the offeree rejects an offer it is terminated.

Read 20 times Last modified on Friday, 22 November 2019 16:12
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