Asked by: Tiziana Grobovskyasked in category: General Last Updated: 22nd June, 2020
Which of the following actions would terminate an offer?
Similarly one may ask, which of the following would terminate an offer?
Revocation by the offeror, rejection or counteroffer by the offeree, or destruction of the subject matter.
One may also ask, how can an offer be revoked explain with examples? A proposal is revoked by the lapse of the time prescribed in such proposal for acceptance, or, if no time is prescribed by the lapse of a reasonable time, without communication of the acceptance. Example. Held that the offer lapsed as it was not accepted within a reasonable time.
Also question is, how can an offer terminated quizlet?
An offeree's power of acceptance may be terminated by (1) his rejection or counter-offer, (2) lapse of time, (3) revocation by the offeror, (4) death or incapacity of either, or (5) a nonoccurrence of any condition of acceptance in the offer.
Does a counter offer terminate an offer?
An offer is terminated when the offeree communicates his rejection to the offeror. Hence, the offeree making a counter-offer and introduces a new offer amounts to a rejection of the original offer.