Asked by Yuleisy Garcia on Jul 26, 2024
Verified
In which of the following circumstances are offerors free to revoke their offers?
A) In case of common law rule on revocation.
B) In case of unilateral contracts.
C) In case of the availability of an option.
D) In case of a promissory estoppel.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made to a second party when the latter has reasonably relied on that promise to their detriment.
Unilateral Contracts
Unilateral contracts are agreements in which one party makes a promise in exchange for the other party's performance, not a promise of performance.
- Ascertain the conditions that permit the revocation of an offer or mandate its continuation.
Verified Answer
ZK
Zybrea KnightAug 01, 2024
Final Answer :
A
Explanation :
The general common law rule on revocations allows the offeror to revoke the offer at any time prior to its acceptance.
Learning Objectives
- Ascertain the conditions that permit the revocation of an offer or mandate its continuation.
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