An offer lapses and stands revoked under several circumstances: if the specified time for acceptance expires, if the offeree rejects the offer, or if the offeror dies or becomes legally incapacitated before acceptance. Additionally, an offer may lapse if there is a change in circumstances that makes the offer impossible to fulfill. Lastly, if the offer is made based on a specific condition that is not met, it can also lapse.
the original offer is revoked by counter offer
An offer that has been accepted becomes an agreement between both the parties and hence cannot be revoked unless it is in writing
By efflux of time :When an offer is not accepted within the prescribed time (or within a reasonable time if there is no prescribed time) it lapses. For e.g. a Company offers to sell Televisions worth Rs.15,000/- for Rs.10,000/- during the month of December. The offer lapses at the end of December.
Yes, an acceptance can be revoked before the other party has received it, as long as the revocation is communicated clearly. Once the acceptance has been communicated and received by the offeror, it generally cannot be revoked. However, if the offeror has indicated that the acceptance must be communicated in a specific manner, failing to follow that can also allow for revocation. Ultimately, the specific circumstances and terms of the offer play a crucial role in determining the ability to revoke acceptance.
The Sun
The type of exhibition stands that Nimlok offer include custom design stands, pop up display stands, portable stands, and fabric backdrops for stands.
The validity of an offer is determined by certain criteria, such as the intention to create a legal relationship, clear and definite terms, communication of the offer to the offeree, and the offer not being revoked or expired.
Guarantee Issue Offer
Under the Uniform Commercial Code (UCC), a valid offer must indicate a willingness to enter into a contract and include essential terms, such as the quantity of goods. While the UCC allows for some flexibility in terms, especially regarding open terms, it requires that the offer be sufficiently definite to allow for a reasonable basis for determining breach or performance. Additionally, the offer must be communicated to the offeree and can be revoked before acceptance, unless it is irrevocable under specific circumstances.
An offer is only open for a "reasonable" amount of time. What is reasonable is a question of fact for the fact finder in a trial (either the judge or jury). An offer can also be revoked at any time prior to acceptance or the beginning of performance.
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Tennis consession stands offer a variety of things. Some of my favorites are, popcorn, and some chips.