ContractsOffer_and_acceptanceMEDIUM
The seller informs the buyer that the offer will not be accepted and will not be considered further. What has occurred?
Correct Answer
B) Rejection
Rejection is correct because the facts match the refusal of an offer so that the offeree no longer has the power to accept it. That is the best description of the relationship, right, or legal concept tested here.
Answer Options
A
Revocation of offerB
RejectionC
Mailbox ruleD
Time is of the essence clauseWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Contracts Question
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Background Knowledge for Contracts
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Real World Application in Contracts
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Common Mistakes to Avoid on Contracts Questions
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Related Topics & Key Terms
Key Terms:
offer_and_acceptancecontractsrejectionoffer_acceptance
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