How Can Courts Prevent an Offeror from Revoking a Unilateral

question 3

Multiple Choice

How can courts prevent an offeror from revoking a unilateral contract once the offeree has started performance?

• A) By providing additional terms according to the Code's gap-filling provisions
• B) By holding that the offeree's acceptance has curtailed the power of revocation
• C) By holding that the offeree's performance has made it a bilateral contract
• D) By making material changes in the terms of the original contract

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Definitions:

Financing Activities

Transactions involving raising capital and repaying it to owners, including issuing equity, settling loans, and paying dividends.

Common Stock

A form of corporate equity ownership, a type of security representing an ownership interest in a corporation.

Investing Activity

Refers to the purchase and sale of long-term investments and property, plant, and equipment, as well as lending money and collecting on those loans.