Offer Validity And Expiration

Summary

An offer can become invalid due to lapse of time, revocation, rejection, counteroffer, death, insanity, or illegality. In this scenario, Georges offer to Jacob lapsed after 13 days, making it invalid on May 17. Offers can also be terminated by revocation, rejection, or counteroffers. If the offeror or offeree dies or becomes insane, or if the subject matter becomes illegal, the offer is also invalid. Understanding these conditions is crucial in contract law.

Full Conversation

can an offer be invalid? when? how?
An offer can indeed become invalid under certain circumstances. Here are some common reasons:
- Lapse of Time: The offer expires after the time period specified by the offeror.
- Revocation: The offeror withdraws the offer before it is accepted.
- Rejection: The offeree rejects the offer.
- Counteroffer: The offeree makes a counteroffer, which terminates the original offer.
- Death or Insanity: If the offeror or offeree dies or becomes insane before acceptance.
- Illegality: The subject matter of the offer becomes illegal before acceptance.
Is there a specific scenario you're dealing with?