Asked by Andrews Osei antwi on May 01, 2024
Verified
Indicate the ways in which an offer can terminate.
Offer Terminate
An offer terminate refers to the process of revoking or cancelling a proposal or an offer before it has been accepted.
- Understand the assorted processes through which an offer might be brought to a close and its implications regarding the formulation of a contract.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
An offer can terminate in any of the following ways: a)revocation of the offer by the offeror; b)rejection of the offer by the offeree; c)death or incapacity of the offeror; d)destruction or subsequent illegality of the subject matter of the offer; or e)lapse of time or failure of another condition stated in the offer.
Learning Objectives
- Understand the assorted processes through which an offer might be brought to a close and its implications regarding the formulation of a contract.