Terminating an Offer to Contract
Interactive Video
•
Business, Social Studies
•
University
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
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.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain the impact of a counter offer on the original offer.
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What happens to an offer if the subject matter is destroyed before acceptance?
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OFF
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