An Offer Can Be Revoked by the Performance of an Act

question 26

True/False

An offer can be revoked by the performance of an act that is inconsistent with the existence of an offer and that is made known to the offeree.

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Definitions:

Severance Packages

Compensation given to an employee after termination, which may include monetary payments, benefits, or other compensation.

Acquiring Firms

Companies that purchase a majority stake in other companies to take over their operations.

Synergistic Benefits

Gains realized from the combination or cooperation of different groups, systems, or companies, where the result is greater than the sum of their separate effects.

Merger

The combination of two or more companies into one, to achieve greater efficiencies and strengthen financial and operational positions.