An Offeror Is Entitled to Revoke Their Offer Even Where

question 53

Multiple Choice

An offeror is entitled to revoke their offer even where they have promised to keep the offer open for a specified period.An important exception to this rule is where:

• A)The offeree will suffer loss if the offer is revoked.
• B)The offeree has provided consideration for the offeror's promise to keep the offer open.
• C)No other person has expressed an interest in accepting the offer.
• D)The offeree has changed their position in reliance on the offeror's promise.

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Definitions:

Maturity

The date on which the principal amount of a financial instrument becomes due and is repaid to the investor.

Face Value

The nominal or dollar value printed on a financial instrument, such as a bond or stock certificate, representing the amount to be returned to the holder at maturity.

German Stock Market

Refers to the stock market in Germany, primarily represented by the Frankfurt Stock Exchange, where shares of German companies are bought and sold.

Market Index

A statistical measure that shows changes in a securities market, representing a segment of the stock market or of the economy.