Which is an irrevocable offer?
A) A bid to construct a bridge for the city
B) An offer to buy stock in the ABC Corporation once it is formed
C) A unilateral offer to pay John $30 to mow your lawn at the point that he has completed half the job and indicates he wishes to finish
D) All of these.

Question

Quizplus · Accepted Answer

All the options provided are examples of irrevocable offers. A) is irrevocable because it likely involves a formal bidding process with legal implications that prevent withdrawal. B) is irrevocable because it is contingent upon a future event (the formation of the corporation) which, once occurred, binds the offeror. C) becomes irrevocable when John starts performing the task, as it is a unilateral contract that cannot be revoked once performance has begun.

Which Is an Irrevocable Offer