What term denotes the withdrawal of an offer by the offeror before acceptance?

• A. Withdrawal
• B. Revocation
• C. Lapse of Time
• D. Rejection

Answer: (A)

The main idea here is how an offer ends before it’s accepted. The legal term for pulling back an offer before acceptance is revocation. The offeror can revoke at any point before the offeree accepts, and revocation must be communicated to be effective. While people might say the offer is “withdrawn,” the precise legal term is revocation, which signals that the offer is no longer on the table. This differs from lapse of time (which ends an offer after a stated or reasonable period) and rejection (the offeree’s decision to refuse the offer, which ends it because the offeree has rejected it). So, the correct concept is revocation—the formal withdrawal of an offer before it’s accepted, once properly communicated.