An offeror cannot revoke an option contract until the time specified in the offer has expired.

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An option contract is a type of contract that gives the offeree (the person receiving the offer) the right to buy or sell a specific asset at a specified price within a specific time frame. Once an option contract has been signed, the offeror (the person making the offer) cannot revoke the offer until the time specified in the contract has expired. This is known as the "option period." After the option period has expired, the offeree no longer has the right to exercise the option.

An Offeror Cannot Revoke an Option Contract Until the Time