Explain The Termination Of An Offer

NotesQuizObjective Test

Ending of an Offer

An offer ends when...

  1. It is Rejected by the offeree (the person you made the offer to)

  2. The offeree makes a Counter-Offer (Hyde v Wrench)

    A request for more info though isn't a counter offer (Stevenson v Mclean)

  3. A simple Lapse of Time 

    This could be EXPRESS eg My offer ends tomorrow or
    It could be IMPLIED eg Im selling shares for £10 - these are volatile so a reasonable implied term might be a few days (Ramsgate Hotel v Montefiore)

  4. It is Revoked (no longer an offer) by the person making the offer 

    That revocation though must be:

    Communicated BEFORE acceptance (Routledge v Grant)
    Received by Offeree (Byrne v Van Trenhoven)
    (Can be communicated via a 3rd party - (Dickenson v Dodds)

    Any offer to keep open ("I'll keep this open for you for a week" is invalid unless it's been paid for)

  5. Death - eek!

NotesQuizObjective Test