Seller wrote a letter to Buyer offering to sell a piece of land for ₱500,000. Seller gave Buyer two months to decide and pay the purchase price. Before the lapse of two months, Seller wrote Buyer that the price is now ₱700,000. Buyer insisted on an acceptance for ₱500,000. He wants to compel Seller to execute a deed of sale for the original offer of ₱500,000. May the Seller be compelled to honor the ₱500,000 offer?

Question

Quizplus · Accepted Answer

The seller cannot be compelled to honor the ₱500,000 offer because the buyer did not accept the original offer before the seller changed the price. Offers can be revoked before acceptance, and in this case, the seller effectively revoked the original offer by raising the price before the buyer accepted it.

Seller Wrote a Letter to Buyer Offering to Sell a Piece