When an offer has been accepted:
A) a subsequent revocation of the offer may serve to nullify the resulting contract.
B) a contract is formed, assuming that all of the other elements of a contract are present.
C) either party may withdraw from the resulting contract without consent.
D) the acceptance is executory.

Question

Quizplus · Accepted Answer

When an offer is accepted, a contract is formed, provided all the other elements of a contract are present. Once a contract is formed, both parties are bound by it and cannot simply withdraw from it without the consent of the other party. Therefore, options A, C, and D are incorrect.

When an Offer Has Been Accepted