As a General Rule,when Is Revocation Effective

question 1

Multiple Choice

As a general rule,when is revocation effective?

• A) When it is mailed by the offeror.
• B) When it is received by the offeree.
• C) One day after it is made.
• D) Two days after it is made.
• E) Three days after it is made.

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Definitions:

Supply

Refers to the total amount of a specific good or service that is available to consumers, which can vary based on the price level, production costs, and other factors.

Demand

The measure of products or services that consumers are inclined and have the financial capacity to buy at assorted prices during a designated interval.

Exchange Rate

the price at which one currency can be exchanged for another, influencing international trade and investment.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.