Selected Cases by Article & Issues
(1) Until a contract is concluded an offer may be revoked if the revocation reaches the offeree before it 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|
|1.2||Form of revocation|
|2.1||Indication 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 by offeror|
|2.2||Offeree's reliance on irrevocability of offer||1|