Revocation or termination of offer
Revocation or Termination of OfferBUSINESS LAWAccording to Section 6, an offer may come to an end in any of the following ways:1. Notice of Revocation:The offeror can revoke his offer at any time by sending a notice of revocation to the offeree, before its acceptance. The offeror can reject the offer before its acceptance even though the period for which the offer was kept open has not yet expired.Example:A, the offeror at an auction sale makes the highest bid. But he has th…
Read more
Money and banking
Money and BankingMacro economics
Money:Money is something which facilitates the transaction of goods and services.Barter System of Exchange:
Barter system of exchange is the system in which commodities are exchanged for commodities. This is also called commodity for commodity exchange economy.Difficulties of Barter System of Exchange:
1. It requires double coincidence of wants which is a rare occurrence.
2. It lacks a common unit of exchange.
3. It lacks the system of future …
Educating & empowering people to ditch debt, save money and build real wealth! Now more than ever, people are focused on their finances and prioritizing their financial well-being.
Social Plugin