When Can the Offeror Effectively Revoke His/her Offer

question 87

Multiple Choice

When can the offeror effectively revoke his/her offer?

• A)Only after an effective acceptance.
• B)Only before an effective acceptance.
• C)Only before payment for goods or services has been made.
• D)Only before the parties have completed their obligations under the contract.

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Definitions:

Conservatism

Conservatism is a political and social philosophy that promotes retaining traditional social institutions and values, typically in opposition to drastic changes.

Self-Transcendence

The process of going beyond one's own self-interests, identifying with values or purposes larger than oneself.

Interdependent Person

An individual who emphasizes and values connections, relationships, and teamwork over personal autonomy and self-sufficiency.

Ideal Worker

A concept in organizational studies referring to an employee who dedicates their life to their work with no personal obligations or distractions.