Revocation of an offer is not good until receipt.Group of answer choicesTrueFalse

1. Understanding the Concept

In contract law, an offer can be revoked by the offeror before it has been accepted by the offeree. However, the revocation must be communicated effectively to the offeree to be valid.

2. Analyzing the Statement

The statement "Revocation of an offer is not good until receipt" refers to the principle that an offeror’s revocation is only effective when the offeree actually receives the notice of revocation. This means that if the offeree has not received the revocation, they can still accept the offer.

3. Evaluating the Answer Choices

Based on the analysis above, the possible answers can be evaluated:

• If the revocation is only considered valid upon receipt, then the statement is True.
• If revocation could be valid prior to receipt, the statement would be False.

4. Final Answer

Therefore, the correct answer is: True. The revocation of an offer is not effective until it is received by the offeree.