In Most States, Revocation Is Not Effective Until the Offeree

question 11

True/False

In most states, revocation is not effective until the offeree receives it.

---

Definitions:

Maximum Reservation Point

The highest price or point at which a buyer is willing to complete a transaction or negotiation.

Two-party Negotiation

A discussion aimed at reaching an agreement between two different parties or individuals.

Active Listening

The process of listening attentively while someone else speaks, paraphrasing and reflecting back what is said, and withholding judgment and advice.

Constructive Feedback

Feedback that is specific, targeted, and delivered with the intention of helping the recipient improve in a particular area or skill set.