When can the Offer be Terminated by Law

Offer when offeree has duty to speak he takes benefit

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offer When Offeree Has Duty to Speak:  He takes benefit of service with opportunity  to reject Prior dealings with offeror Communication as Acceptance Bilateral Contract:  communication of acceptance in necessary because of  mutual exchange of promises. Not necessary if offer does not require Unilateral Contract:  acceptance is evident, notification not necessary Mode and Timeliness as Acceptance General Rule:  acceptance is timely if made before offer is terminated What is the Mailbox Rule? Mailbox-  acceptance is effective when offeree uses authorized means of  acceptance.  If U.S. Mail, acceptance upon dispatch.  Does not apply to  instantaneous communications Timing– “E-Mailbox” Rules- Dispatched when leaves control of sender
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Received when enters recipient’s processing system (even if unaware) Exceptions to Mailbox Rule- If acceptance is not properly dispatched by the offeree If offeree specifies that acceptance will not be effective until it is received If acceptance is sent after rejection, whichever is received first given effect When is an Acceptance Effective? Authorized means of acceptance-  offer specifies (expressly or impliedly) how  acceptance should be made. No acceptance if authorized means is not used Substitute method of acceptance- Effective if the substitute serves the same purpose (Fed-Ex vs. UPS) Not effective on dispatch Effective when received by the Offeror
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  • Fall '12
  • Roach

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