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LAW 3800 Chapter 12 Flashcards | Quizlet If no time limit is specified the offer expires after a reasonable time If offeror dies or becomes mentally incapacitated, offer terminates automatically and immediately Under common law, acceptance must be precisely the same terms as the offer Method and Manner of Acceptance
Solved If the offeror has not set a time limit, on the . . . 1 Offer expires on 12 31 2025 at 11:59PM PST Receive 20 % off the first month of a new Chegg Study or Chegg Study Pack monthly subscription This offer requires activation of a new Chegg Study or Chegg Study Pack monthly recurring subscription, charged at the monthly rate disclosed at your sign-up
[FREE] If the offeror has not set a time limit on the offer . . . An offer without a specified time limit by the offeror expires after a reasonable time, depending on various factors Understanding this is essential for both parties in a contract negotiation Therefore, the correct answer is option A A reasonable time
When Does an Offer End? A Legal Guide to Termination of . . . A common pitfall occurs when one party tries to accept an offer believing it is still open, not realizing it has lapsed by time, revocation, or a prior counteroffer Email, text, and digital negotiations can create further confusion about the moment an offer ends Tip: Always clarify deadlines and conditions in writing during negotiations
6. 3 Duration of Offer – Business Law I – Interactive The general rule, both in common law and under the UCC, is that the offeror may revoke an offer at any time before acceptance, even if the offer states that it will remain open for a specified period of time
Termination of an Offer: Contract Law Explained - UpCounsel Offerees typically have a reasonable period of time to respond once they learn of the offer The timeframe can vary based on contract subject matter as well as any prior deals between the involved parties