To Be Effective,notice of Revocation of an Offer

question 55

Multiple Choice

To be effective,notice of revocation of an offer:

• A) must be communicated directly to the offeree before the offeree has accepted.
• B) may be communicated indirectly to the offeree through a third person.
• C) must be dispatched before the offeree accepts;when notice actually reaches the offeree is not important.
• D) is not addressed in the Restatement.

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Definitions:

Transfer Price

The price charged for goods or services transferred among divisions or subsidiaries within the same company.

Valve Division

A business segment or department within a larger company that specializes in the production, distribution, and sale of valves.

Customer Service Department

A division within a company that handles customer inquiries, complaints, and provides support and assistance.

Variable Costs

Money spent that varies depending on the quantity of items made or sold, including the expenses for materials and manpower.