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An outright rejection can cancel an offer also a counter-offer terminates the original offer made. An example of this is the case of Hyde V Wrench 1840. Wrench offered to sell his farm for £1000. Hyde offered £950 (counter-offer) which Wrench rejected. A few days later Hyde said he would buy the farm for £1000. Wrench refused to sell and Hyde maintained that they had a contract. The counter-offer of £950 had rejected the original offer to sell of £100 so therefore the offer was rejected and there was no contract.
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When Communication of the revocation of an offer coplete?
Communication of revocation of an offer is complete when the receiver of such communication effectively accepts such revocation.
The taking back of an offer by an offer-or?
The taking back of an offer by an offeror is known as revocation. It occurs when the offeror withdraws their offer before it is accepted by the offeree. Revocation is effective once it is communicated to the offeree, either directly or indirectly.
True or false Revocation of an offer made to the general public must be communicated in the same manner in which the offer was communicated?
___ 6. Revocation of an offer made to the general public must be communicated in the same manner in which the offer was communicated.
The withdrawal of an offer by the offeror is an example of what kind of contract?
revocation
What two rules govern the revocation of contracts?
Two important rules govern revocation: an offer can be revoked any time before it is accepted, and a revocation becomes effective when it it received by or communicated to the offeree.
What is the difference between rejection and revocation?
Rejection is the rejection of an offer by the offeree. After an offeror has made an offer it can be rejected by the offeree. Revocation is the revoking of an offer by the offeror. An offeror may also revoke his offer at any time before acceptance by the offeree unless an option contract is created or is otherwise precluded from revoking the offer.
Is Michigan a compact state that shares info with Co regarding dead beat dads and license revocation?
Answer this question...no
Is it possible to revoke an offer made through fax after the acceptance?
It's possible to rescind acceptance of an offer assuming specific performance has not been met. If the other party begins the process of completing their end of the offer, you're bound to see it through.
Is there any law or policy regarding academic degree revocation in case of plagiarism and falsification of grades?
If either can be proven, the school will have a policy in place that does potentially lead to revocation of a degree. Simply stated - within school laws - yes.
What are the legal Ways to terminate offer?
they could not accept it....
What are the ways of terminating an offer and the exceptions to it?
An offer can be terminated as a result of the 1. lapse (death of the offeror, death of the offeree, time set for accepting, prevention of performance). 2. Rejection of the offer 3. Revocation of the offer
What is a revocation warrant?
charged on a revocation warrant
