An Offer That Has Been Revoked Does Not Exist Anymore

question 31

True/False

An offer that has been revoked does not exist anymore and cannot be accepted.

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Definitions:

Owner Financing

A financing arrangement where the seller extends credit to the buyer to purchase the seller's property.

Shares

Units of ownership in a company, representing a proportion of the corporation's capital, giving the shareholder a right to its profits.

Cumulative Dividends

Preferred stock dividends that accumulate if not paid as scheduled and must be paid out before dividends can be distributed to common shareholders.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock and typically doesn't have voting rights.