In Which of the Following Scenarios Might an Offeror Revoke

question 3

Multiple Choice

In which of the following scenarios might an offeror revoke an offer of a unilateral contract without consequence? Please select all that apply.

• A) At any point before the offeree has completed the requested act.
• B) When the offeree has embarked upon the requested act but before any significant degree of progress has been achieved.
• C) The offer expressly stated that the offeror was free to revoke it at any time and no benefit had been conferred on the offeror.
• D) Before the offeree has begun to perform the requested act.

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Definitions:

Purchase Supplies

The act of acquiring materials and consumable items required for the production process or office use.

Assets

Resources owned by a company that are expected to provide future economic benefits.

Investing Activity

Financial activities related to acquiring or disposing of non-current assets, such as property, plant, and equipment, which are recorded on a company's cash flow statement.

Cash Dividends

Dividends paid by a company to its shareholders in the form of cash.