The offeror who makes a firm offer and promises to hold it open for six months:
A) could revoke after three months, assuming the offeree has not already accepted the offer.
B) could revoke after three months, even if the offeree has already accepted the offer.
C) could revoke after six months, even if the offeree has already accepted the offer.
D) cannot revoke the offer under any circumstances unless the offeree consents to the revocation.

Question

Quizplus · Accepted Answer

Firm offers are irrevocable for the period of time stated in the offer. If none is stated, they are irrevocable for a reasonable time, as determined by the circumstances of the case. The outer limit on the period of irrevocability for firm offers is three months, whatever the terms of the offer may say. So, the offeror who makes a firm offer and promises to hold it open for six months could revoke after three, assuming the offeree has not accepted.

The Offeror Who Makes a Firm Offer and Promises to Hold