Dick offers to sell Jane his 1955 Thunderbird convertible.Before Jane can accept the offer,lightning strikes the car and it is totally destroyed.Which of the following is true?
A)Jane can still accept the offer and John must find a 1955 Thunderbird to sell.
B)The offer is terminated by law.
C)Dick can still revoke his offer so long as he does so before Jane accepts.
D)Jane can still accept the offer.She will be entitled to the insurance proceeds.

Question

Quizplus · Accepted Answer

The offer is terminated by law due to the destruction of the subject matter (the car). Once the subject of the offer is destroyed before acceptance, the offer is terminated and cannot be accepted. Therefore, the transaction is canceled, and neither party is obligated to fulfill their respective obligations.

Dick Offers to Sell Jane His 1955 Thunderbird Convertible