LAW 601 Lecture Notes - Lecture 12: Construction Bidding, Estoppel, Electronic Signatures In Global And National Commerce Act
Document Summary
He/she just enjoys the power of acceptance, which she can choose to exercise by accepting (or not). The offeror just can"t terminate the power of acceptance by revoking: need to find a basis for an enforcing an option contract, consideration given for the option, or, a statute makes an offer irrevocable, a firm offer. ex. Contract for sale of goods: 2-205. How to accept: the offeror is the master of the offer. Tabb sends offer to student"s inbox saying he wants to terminate offer but student doesn"t check his email. We want to know from 68 what the receipt is. Section 68 says as long as it is deposited in an accessible place, that is okay. We want to know if it is reasonable. By emailing, tabb has manifested intent to take offer off table. Consider reasonableness of him not checking his email.
