COMM 393 Lecture Notes - Lecture 3: Option Contract, Contract, Estoppel
Document Summary
Doesn"t mean an offer has been made that it will be accepted in a different period of time. Can lapse at a specific time or reasonable . Offer is revoked- an offer may be revoked any time prior to acceptance. Even though the offeror has given a limited time acceptance. Revocation should be communicated prior to acceptance through a reliable source. Revocation by mail must be received (actually received). Establishes the fact and time of that revocation. Even if you promise to the offer open. Acceptance must be made in the manner requested. Must be made in a positive form- cannot deem silence as a means of acceptance. In order to do so, you have to agree these terms in the past. Acceptance is effective when communicated to the offeror. Bc electronic transaction act- when something is emailed, it is received when it is capable of being retrieved.
