Typically, revocations and rejections are good upon dispatch, and acceptances are good upon receipt.Group of answer choicesTrueFalse
Question
Typically, revocations and rejections are good upon dispatch, and acceptances are good upon receipt.
Group of answer choices
True
False
Solution
The statement "Typically, revocations and rejections are good upon dispatch, and acceptances are good upon receipt" is True.
In contract law:
- Revocations: A revocation of an offer is effective when it is communicated to the offeree, which often occurs upon dispatch.
- Rejections: A rejection of an offer is also effective upon dispatch.
- Acceptances: An acceptance is considered valid only when it is received by the offeror, making it effective upon receipt.
Hence, the correct answer to the question is True.
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