ContractsOffer_and_acceptanceMEDIUM
A buyer submits an offer on a property. Before the seller responds, the buyer finds a better property and sends the seller a written withdrawal. What has the buyer accomplished?
Correct Answer
A) Revocation of offer
Revocation of offer is correct because the buyer withdrew the offer before the seller accepted it, terminating the seller's power to accept.
Answer Options
A
Revocation of offerB
CounterofferC
RejectionD
AcceptanceWhy 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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Related Topics & Key Terms
Key Terms:
offer_and_acceptancecontractsrevocationwithdrawal
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