Which option is a possible action that can be taken by an offeror who decides not to pursue an offer?

When an offeror decides not to pursue an offer, one of the possible actions they can take is to revoke the offer. Revocation is the legal term for withdrawing an offer before it is accepted by the offeree. This action allows the offeror to withdraw the offer and terminate any possibility of a contract being formed based on that offer. It’s important to note that the revocation must be communicated to the offeree, and it can happen at any time before the offeree accepts it.

Choosing to finalize the offer does not align with the decision not to pursue it, as finalizing would imply moving forward with the offer rather than withdrawing it. Similarly, modification entails changing the terms of the existing offer rather than abandoning it. Rejection typically applies to the offeree’s response, which is not relevant if the offeror is the one taking action to withdraw from the offer. Therefore, revocation accurately reflects the appropriate course of action for an offeror in this scenario.