Asked by Jessie Ernst on Apr 27, 2024
Verified
List the ways in which an offer can terminate.
Termination of Offer
The revocation or withdrawal of a proposal by the offeror before it has been accepted by the offeree.
- Gain insight into the scenarios where an offer for a contract may be ended.
Verified Answer
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Akhil DatlaApr 29, 2024
Final Answer :
Termination of an offer can occur in one of five ways: revocation by the offeror, rejection or counteroffer by the offeree, death or incapacity of the offeror, destruction or subsequent illegality of the subject matter of the offer, or lapse of time or failure of other conditions stated in the offer.
Learning Objectives
- Gain insight into the scenarios where an offer for a contract may be ended.
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