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What are the lawful effects on an offer when a revocation

What are the lawful effects on an offer when a revocation of the offer occurs by the offeror? How does a revocation of an offer differ from a rejection of an offer, and what effect, if any, results from either? Does a counteroffer affect any of the prior offers or the negotiating process?

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Business Management: What are the lawful effects on an offer when a revocation

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