Which of the Following Is True of Revocation of an Offer

question 3

Multiple Choice

Which of the following is true of revocation of an offer?

• A) The offeror can revoke an offer any time after a contract is formed.
• B) The binding promise to hold an offer open can be revoked at will.
• C) The offer is terminated by the lapse of the time specified in the offer.
• D) The revocation of an offer should be communicated to the offeree after his assent.

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Definitions:

Implied Constant Growth

A concept in financial modeling that assumes a company or economy will continue to grow at a consistent rate indefinitely, impacting valuation methods.

Kyocera

A multinational corporation based in Japan, specializing in ceramic and electronic products.

Last Dividend

The most recent distribution of profits made by a corporation to its shareholders.

Indefinitely

For an unlimited or unspecified period of time, lacking a definite end.