Which of the following statements is true of a revocation?
A) It can be made by the offeree.
B) It needs to be received by the offeree to be effective.
C) It can be done even after acceptance of the offer.
D) It can be applied to an option contract.
B
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GATT (General Agreement on Tariffs and Trade) agreement had no enforcement power since the losing party in a dispute was entitled to ignore the ruling
Indicate whether the statement is true or false
Regal Marine:
A) no longer builds boats with any wooden parts. B) has replaced all human labor with robots. C) treats the product design decision as critical to its success. D) gets its competitive advantage by being the low-cost producer of boats designed by others. E) designs several new boats each year, but contracts other firms for their manufacture.