Asked by Bretton Lenzi on Jul 08, 2024
Verified
If the offeror dies, the offer terminates after notice of the offeree's death or after 10 days, whichever comes first.
Offeror Dies
In contract law, this refers to the scenario where the individual making an offer (offeror) passes away before the offer is accepted, potentially affecting the validity of the offer.
Offer Terminates
Offer terminates refers to the point at which a proposal for a contract or agreement is withdrawn or becomes invalid, ending the possibility of acceptance.
Offeree's Death
In contract law, the death of the offeree terminates an offer, preventing acceptance of the offer thereafter.
- Recognize the consequences under law of an offeror's incapacity or demise on a proposal.
Verified Answer
SJ
Suzanne JacksonJul 09, 2024
Final Answer :
False
Explanation :
The death of the offeror terminates the offer immediately, and it does not depend on the offeree receiving notice of the death or any specific time period passing.
Learning Objectives
- Recognize the consequences under law of an offeror's incapacity or demise on a proposal.