Selected Cases by Article & Issues
(1) Until a contract is concluded an offer may be revoked if the revocation reaches the offeree before he has dispatched an acceptance.
(2) However, an offer cannot be revoked:
(a) if it indicates, whether by stating a fixed time for acceptance or otherwise, that it is irrevocable; or
(b) if it was reasonable for the offeree to rely on the offer as being irrevocable and the offeree has acted in reliance on the offer.
|1||Revocation of offer|
|1.1||Must reach offeree before dispatch of acceptance||2|
|1.2||Form of revocation|
|2.1||Indications of irrevocability by offeror|
|2.1.1||Explicit declaration of irrevocability|
|2.1.2||Fixing definite time for acceptance|
|2.1.3||Other statements or conduct of offeror|
|2.2||Offeree's reliance on irrevocability of offer||1|