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:

Significant Influence

The capacity to affect the operating and financial decisions of another entity, typically through ownership of a substantial share of its stock.

Voting Stock

Shares that give the shareholder voting rights in the corporation's matters, typically related to the election of the board of directors.

Unrealized Gain or Loss

The increase or decrease in the value of an investment that has not yet been sold and turned into cash.

Equity Section

The portion of a company’s balance sheet that represents the owners' or shareholders' interest in the company.