Revocation Takes Effect

question 43

Multiple Choice

Revocation takes effect

• A)when an offeror contracts with someone other than the offeree.
• B)when sent.
• C)when the offeror becomes bankrupt.
• D)when received.
• E)none of the above

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Definitions:

Manage the Business

The process of overseeing and making decisions about the operations, finances, and strategy of a business to ensure its success and sustainability.

Three Partners

Refers to a business structure where three individuals engage in a partnership to conduct business together.

Single Person

An individual not currently in a legal marriage or similar partnership; also refers to entities or businesses owned by one person.

Business for Profit

An organization or enterprise engaged in commercial, industrial, or professional activities with the objective of generating earnings.