asked 40.9k views
1 vote
An offeror can end an offer by withdrawing it.

a) Finish
b) Complete
c) Terminate
d) Finalize

1 Answer

4 votes

Final answer:

The correct term for an offeror ending an offer is 'terminate'. The offeror has the legal right to revoke the offer before acceptance unless legally bound otherwise.

Step-by-step explanation:

An offeror can end an offer by withdrawing it. The correct answer among the given options is c) Terminate. In legal terms, to terminate an offer means to revoke or withdraw it before it has been accepted. An offeror is free to terminate the offer at any point up until acceptance, assuming there's no binding option agreement or other legal obligations that state otherwise. An offer may also be terminated automatically under certain conditions, such as the expiration of the offer's time limit or the death or insanity of the offeror or offeree.

answered
User Ken Wei
by
8.2k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.