If an offer is not accepted, rejected or revoked it will lapse:

Question

Quizplus · Accepted Answer

An offer will lapse after a reasonable amount of time has elapsed if it is not accepted, rejected or revoked. There is no fixed time period for an offer to lapse as it depends on the circumstances of each case such as the nature of the offer and the mode of communication. Therefore, option B is incorrect as it suggests a fixed period. Option C may be true if the offeror communicates to the offeree that the offer has lapsed but it is not a necessary condition for the offer to lapse. Option D is incorrect as it is not possible for an offer to remain open indefinitely without any response from the offeree.

If an Offer Is Not Accepted, Rejected or Revoked It