What is the rule for revocation of an offer?

What is the rule for revocation of an offer?

• A. An offer cannot be revoked before acceptance
• B. The offeror can revoke at any time before acceptance
• C. Revocation requires new consideration
• D. An offer cannot be revoked if the offeree has begun performance

Answer: (B)

In contract law, the general rule is that an offer can be revoked at any time before acceptance, as long as the revocation is communicated to the offeree. This means the offeror can withdraw the offer before the offeree has accepted. Revocation itself doesn’t require new consideration; consideration is what keeps an offer open in certain situations (like an option contract or a firm offer under the UCC). There are exceptions, such as when the offeree has begun performance in a unilateral contract, which can limit revocation, but that’s not the default rule.

In contract law, the general rule is that an offer can be revoked at any time before acceptance, as long as the revocation is communicated to the offeree. This means the offeror can withdraw the offer before the offeree has accepted. Revocation itself doesn’t require new consideration; consideration is what keeps an offer open in certain situations (like an option contract or a firm offer under the UCC). There are exceptions, such as when the offeree has begun performance in a unilateral contract, which can limit revocation, but that’s not the default rule.