AceableAgent Promulgated Contracts Practice Test

Question: 1 / 400

True or False: A buyer retains the right to terminate a contract from the original effective date even after receiving a new offer.

True

A buyer retains the right to terminate a contract from the original effective date even after receiving a new offer, making the statement true. This is rooted in the fundamental principles of contract law, where a party's right to terminate a contract depends on the terms of the original agreement. Unless the contract explicitly states otherwise or includes a clause that modifies this right upon receiving new offers, the buyer can legally decide to terminate.

Additionally, the power to terminate prior to the acceptance of new terms maintains the buyer's autonomy and ensures they are not pressured into accepting a new deal that may not be in their best interest. This flexibility allows buyers to evaluate all options while ensuring they can act in their own best interests up until the point of acceptance of a new offer or modification of the current contract.

Get further explanation with Examzify DeepDiveBeta

False

Depends on the amendments

Only with written notice

Next Question

Report this question

Download AceableAgent Promulgated Contracts Practice Test PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy