As a General Rule,when Is Revocation Effective

question 87

Multiple Choice

As a general rule,when is revocation effective?

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

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Definitions:

Lemonade

A beverage made from lemon juice, water, and sweeteners, often homemade and sold during warm weather for refreshment.

Budget Constraint

The limitations on the household's or entity's ability to purchase goods and services, based on their income and prices.

Good X

A placeholder term often used in economics to represent a generic good or product in theoretical models.

Good Y

An alternative characterization of a product or commodity that satisfies consumer needs or desires, often used in comparative analyses.