As a General Rule,when Is Revocation of an Offer Effective

question 26

Multiple Choice

As a general rule,when is revocation of an offer effective?

• A)When it is mailed by the offeror.
• B)When it is received by the offeree.
• C)Three business days after the offeror makes the offer,assuming the offeree has not already accepted the offer.
• D)Seven calendar days after the offeror makes the offer,assuming the offeree has already accepted the offer.
• E)Thirty calendar days after the offeror makes the offer,assuming the offeree has not already accepted the offer.

---

Definitions:

Arbitrators

Individuals appointed to settle disputes in an arbitration process, making decisions that are usually binding for all parties involved.

ADR Methods

Alternative Dispute Resolution Methods are procedures for settling disputes without litigation, such as arbitration or mediation.

Exclusive Jurisdiction

A legal term indicating that only one particular court or legal authority has the power to hear and decide a specific type of case.

Concurrent Jurisdiction

A situation where two or more courts have the same authority to preside over a given legal case.