CIMA BA4 Syllabus C. CONTRACT AND EMPLOYMENT LAW - Explain The Termination Of An Offer - Notes ^{4 / 13}

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!