Asked by Shashank Neela on Sep 30, 2024
Bob offers to sell his bike to Sue for $100 and promises to keep his offer open for five days.Sue thanks him and leaves.At this point,Bob still has the power to revoke his offer.
Power To Revoke
The legal authority to cancel or withdraw a decision, offer, or agreement.
Promises
Declarations or assurances that one will do something or that a particular thing will happen.
- Identify the effects of actions taken by the offeror and offeree (including instances of death) on the validity of an offer.
- Realize the critical role of the Uniform Commercial Code (UCC) in revising long-standing contract rules, focusing on the concreteness of offers and the guidelines for filling in omissions.
Learning Objectives
- Identify the effects of actions taken by the offeror and offeree (including instances of death) on the validity of an offer.
- Realize the critical role of the Uniform Commercial Code (UCC) in revising long-standing contract rules, focusing on the concreteness of offers and the guidelines for filling in omissions.
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