Asked by Logan Robinson on May 08, 2024

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On May 1,Ida makes a written offer to Miranda for the sale of Ida's car.On May 2,Ida mails Miranda a letter revoking the offer.On May 3,Ida telephones Miranda to tell him that he is revoking the offer.On May 4,Miranda learns that Ida sold the car to Chris.On May 5,Ida's letter finally gets to Miranda.Ida's offer terminated on:

A) May 2.
B) May 3.
C) May 4.
D) May 5.

Revoking

The act of formally withdrawing, canceling, or revoking a statement, offer, or privilege.

Written Offer

A formal proposal presented in written form by one party to another, stipulating the terms under which the offeror is willing to engage in a contract.

Sold

The act of transferring ownership of an item or service from one party to another in exchange for money or other compensation.

  • Describe the effect of actions such as revocation or selling to another party on the termination of an offer.
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Verified Answer

JB
Jason BrownMay 14, 2024
Final Answer :
B
Explanation :
Revocations are effective only when they are actually received by the offeree.