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Termination of an Offer - Coggle Diagram
Termination of an Offer
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rejection
the offeree is under no obligation to accept the offer, therefore he can reject it at any time
lapse of time
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if no fixed period is mentioned, can be regarded as open for a reasonable amount of time( depending on circumstances)
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death
death of offeror
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if offeree does not know, it depends- if the offer can be satisfied out of the offeror's estate the offer stands
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supervening incapacity
if the offeror had full contractual capacity when the offer was made but lost it before the offer was accepted the offer would no longer be valid
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