Multiple choice

the taking back of an offer by the offeror

  1. revocation

  2. counteroffer

  3. rejection

  4. expiration
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Revocation is the formal term for when an offeror withdraws or takes back an offer before it has been accepted. Once an offer is revoked, the offeree no longer has the power to accept it.

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