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Flashcards in Contract Formation (REVOCATION) Deck (3)
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1
Q

How can offers be revoked ?

A

Most offers may be revoked directly at ANY TIME BEFORE ACCEPTANCE through unambiguous words or conduct by the offeror to the offeree indicating an unwillingness or inability to contract.

2
Q

When is a revocation of an offer effective?

A

A revocation of an offer is effective when received.

3
Q

When can an offer be revoked indirectly?

A

An offer can be terminated when communicated indirectly when:

1) the offeror takes definite action inconsistent with an intention to enter into the proposed contract; AND
2) the offeree acquires reliable information to that effect.