Is it possible to revoke an offer, or terminate an offer? And can an offer terminate through some means other than the act of a party?
In this article, we’ll give a basic outline of what constitutes an offer. Then, we’ll look at how an offer can be terminated. Specifically, we’ll explore contract termination by the person making the offer, by the person accepting the offer, and by operation of law.
Next, we’ll take a look at the basic requirements of an offer.