Ana offers Corey her vacuum cleaner for $300. Corey rejects the offer so Ana promises to sell the vacuum cleaner to Abey. But, a day later, Corey decides to buy the vacuum cleaner and informs Ana of his acceptance. Ana must sell the vacuum cleaner to Corey.

Question

Quizplus · Accepted Answer

When an offer terminates, the offeree's legal power to bind the offeror ends. An offer is terminated by an offeree's rejection, a counteroffer, or by the offeror's revocation. Refer to sidebar 8.4.

Ana Offers Corey Her Vacuum Cleaner for $300