Asked by Melissa Borrero on Jul 13, 2024
Verified
The offeror can revoke the offer only be expressing repudiating it.
Offeror Can Revoke
The legal principle that allows the person making an offer (offeror) to withdraw that offer before it is accepted, subject to certain conditions.
Repudiating It
The process of formally rejecting or disavowing a previously held position or agreement.
- Gain insight into the scenarios where an offer could be terminated or declined.
Verified Answer
AM
Alexia MarieJul 18, 2024
Final Answer :
False
Explanation :
An offeror can revoke an offer not only by expressly repudiating it but also by implication, such as by taking actions that are inconsistent with the intent to enter into the contract with the offeree.
Learning Objectives
- Gain insight into the scenarios where an offer could be terminated or declined.