revocation of an offer

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8 Terms

1
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does a person have to know about an offer to accept it

yes

2
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can an offer be accepted if the person has forgotten about it

no, they must have the offer in mind when accepting it

3
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does it matter about their motive for accepting the offer

no

4
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what is revocation of an offer

the withdrawal of an offer before it has been accepted

5
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when can an offer be revoked

at any time before acceptance, unless the offer is supported by consideration

6
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modes revocation have to be communicated to the offeree

yes, the offeree must know that the offer has been withdrawn before acceptance

7
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is posting a letter enough to withdraw an offer

no, revocation takes effect when communicated to the offeree, not when the letter was posted

8
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can a third party communicate the offer

yes, as long as they are a reliable 3rd party