An Offeror Has No Right to Terminate an Offer

question 48

True/False

An offeror has no right to terminate an offer.

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Definitions:

Sell

The act of transferring ownership of a good or service to another party in exchange for money or other compensation.

Offers More

Implies providing additional benefits or proposals beyond the initial offer.

Counteroffers

In negotiations, a response to an original offer that makes changes or presents new terms before an agreement is reached.

Assignee

An individual or entity to whom rights or interests have been transferred by another party.