Terminating an Offer to Contract

The video tutorial explains various scenarios where an offer in a contract can expire or become incapable of acceptance. These include specific provisions in the offer, reasonable lapse of time, rejection or counter offers, revocation by the offeror, destruction of the subject matter, death or mental incapacity of the offeree, and illegality of the subject matter. Each scenario is illustrated with examples to clarify the conditions under which an offer is terminated.

What happens to an offer if it includes a specific time limit for acceptance?

• The offer remains open indefinitely.

• The offer can be accepted anytime after the time limit.

• The offer is terminated after the specified time.

• The offer becomes a counter offer.

How does a reasonable lapse of time affect an offer?

• The offer remains open indefinitely.

• The offer is terminated if not accepted in a reasonable time.

• The offer is automatically accepted.

• The offer becomes a counter offer.

What occurs when an offeree rejects an offer?

• The offer remains open for acceptance.

• The offer is automatically accepted.

• The offer is terminated.

• The offer becomes a counter offer.

Which of the following can terminate an offer before acceptance?

• The offeree's counter offer.

• The offeree's death or mental incapacity.

• The offeree's acceptance.

• The offeree's silence.

What happens if the subject matter of an offer becomes illegal?

• The offer remains valid.

• The offer is automatically terminated.

• The offer becomes a counter offer.

• The offer is accepted by default.