In the area of acceptance under the Principles of European Contract Law:
I. A contract is concluded when the acceptance reaches the offeror.
II. An offeror may revoke an offer after dispatch of an acceptance but before receipt.

Question

Quizplus · Accepted Answer

According to the Principles of European Contract Law, a contract is concluded when the acceptance reaches the offeror. This means that once the acceptance has been sent, the offeror cannot revoke the offer. Therefore, statement II is incorrect. Only statement I is correct.

In the Area of Acceptance Under the Principles of European