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.

Assess the potential legal consequences and liabilities arising from agency actions.

Comprehend the importance of agency in facilitating business operations and relationships.

Identify the circumstances under which an agency relationship can be implied by law.

Understand the basic principles of sensory perception and signal transduction.

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Definitions:

Discount Rate

The interest rate used in discounted cash flow analysis to determine the present value of future cash flows.

Interest Rate

The cost of borrowing money, expressed as a percentage of the amount borrowed, or the return earned on invested funds.

Money Supply

The aggregate monetary assets within an economy at a certain instant, including cash, coins, and the money in checking and savings accounts.

Bank Capital

The resources a bank’s owners have put into the institution