Martin offered to buy the property for $200,000, "offer to remain open until 5:00 p.m. on Thursday, January 21st." Which one of the following situations will not cause the offer to end?
A) Insanity of the offeror before the offer is accepted
B) Martin sells the property to another party before the expiration of the period stipulated and before hearing from the offeree.
C) A counter-offer from the offeree
D) Death of offeror
E) The offeree has not accepted and the stipulated time has expired.

Question

Quizplus · Accepted Answer

In contract law, an offer can be terminated for various reasons, including the insanity or death of the offeror, a counter-offer from the offeree, or the expiration of the offer's time limit. However, if the offeror sells the property to another party before the offer's expiration and before hearing from the offeree, it does not automatically terminate the original offer unless the offeree is notified of this action. The original offer remains valid until its specified expiration time unless the offeree is otherwise informed of its revocation.

Martin Offered to Buy the Property for $200,000, "Offer to Remain