When is an offer revoked?

An offer is typically revoked when the offeror communicates their intention to revoke the offer to the offeree before the offeree has accepted the offer. This communication can be done verbally, in writing, or through conduct that clearly indicates the offeror's intention to revoke the offer. Additionally, an offer can also be revoked if a specified deadline for acceptance passes without the offeree accepting the offer.

An offer is revoked when:

- The offer is rejected by the offeree: The offeree can reject the offer by any means that clearly indicates their unwillingness to accept it, such as verbally, in writing, or by taking an action that is inconsistent with acceptance.
- The offer expires: If the offer specifies a time limit for acceptance, it expires at the end of that time period.
- The offer is revoked by the offeror: The offeror can revoke the offer at any time before it is accepted by the offeree. The revocation must be communicated to the offeree before they accept the offer.
- The offer is terminated by operation of law: In certain circumstances, the law will automatically terminate an offer, such as when the offeror dies or becomes incapacitated.
- The offeree makes a counteroffer: A counteroffer is a proposal by the offeree to change the terms of the offer. A counteroffer automatically revokes the original offer.