A Revocation of an Offer Is Ordinarily Effective Only When

question 26

True/False

A revocation of an offer is ordinarily effective only when it is communicated to the offeree.

---

Definitions:

Actual Fraud

Actual fraud refers to intentional deception or misrepresentation made by one party with the knowledge of its falsehood, intending to persuade another party to part with something of value or to surrender a legal right.

Constructive Fraud

A situation where dishonesty is presumed by the nature of the transaction, despite the absence of intent to deceive.

Innocent Misrepresentation

A false statement made without knowledge of its falsity, leading another to enter into a contract they otherwise might not have.

Remedies

Legal means through which a right is enforced or a violation of a right is compensated.