Revocation Is the Withdrawal of an Offer by the Offeror

question 25

True/False

Revocation is the withdrawal of an offer by the offeror.

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Definitions:

De Jure Corporation

A corporation that has fully complied with all statutory requirements for incorporation and is legally recognized.

Conditions Precedent

Specific conditions outlined in a contract that must be met before the contract becomes legally binding or before a party is obligated to perform their part of the agreement.

Mandatory Conditions

Requirements or clauses within a contract or legal provision that are compulsory and enforceable, requiring strict adherence by all parties involved.

Equity Securities

Financial assets representing ownership interest in a company, such as stocks.