Examlex
Once you, as the initiator, have successfully identified the problem, what should you do?
Revocation
The official cancellation or withdrawal of an offer, agreement, or license, making it no longer valid.
Offeror Dies
A legal situation that generally results in the termination of an offer when the person making the offer passes away before acceptance, affecting contract formation.
Insanity Of Offeror
A legal defense where the validity of a contract is questioned due to the mental capability of the party making the offer at the time of agreement.
Counter-Offer
An offer made in response to another's offer, effectively rejecting the original offer and presenting a new one for consideration.
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