Even After an Offer Is Rejected by the Offeree, It

question 7

True/False

Even after an offer is rejected by the offeree, it can be revived or made into a counteroffer once the communication of the rejection has been received by the offeror.

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Definitions:

Ownership And Control

Refers to the legal and operational authority over assets or business, which may not always coincide, especially in corporations with dispersed shareholders.

Commercial Banks

Financial institutions that provide a variety of services, including deposit accounts, loans, and other financial products, to businesses and individuals.

Financial

Relating to money or how money is managed.

Illiquid

Describes an asset or security that cannot easily be sold or exchanged for cash without a substantial loss in value.