Martin offered to buy a property for $200 000,"offer to remain open until 5:00 p.m.on Thursday,January 21." Which one of the following situations will not cause the offer to end?
A)a counter-offer from the offeree
B)death of the offeror
C)insanity of the offeror before the offer is accepted
D)Martin sells the property to another party before the expiration of the period stipulated and before hearing from the offeree
E)the offeree has not accepted and the stipulated time has expired

Question

Quizplus · Accepted Answer

In contract law, an offer can typically be revoked by the offeror at any time before acceptance unless there is an option contract in place. However, selling the property to another party does not automatically terminate the offer unless the offeree is notified of this action. Therefore, if Martin sells the property to another party but the offeree has not been informed before the expiration of the offer period, the original offer does not automatically end.

Martin Offered to Buy a Property for $200 000,"offer to Remain