By the Business Attorneys at Garg & Associates, PC, serving The Woodlands, Spring, Houston, Conroe, Humble, Kingwood, Tomball, Cypress, Huntsville, Westchase, Southwest, Sugar Land, West Oaks, Alief, Memorial, River Oaks, Stafford, Katy, and Missouri City.

How can a party terminate an offer?

An offer can be terminated in a number of ways.  A party may revoke his offer.  Revocation of an offer can be directly communicated to the other party.  Or, the offeror can act inconsistently with his willingness to maintain the offer and his intentions to revoke are conveyed to the other party.  The offeree can also reject the offer.  At the time the offer is rejected, offeror is under no obligation to maintain his offer.

Other circumstances may also terminate an offer.  For example, the death of a party will generally terminate an offer.  Another instance where an offer is terminated is when the subject of the proposed contract is destroyed.  For example, if Boy offers Girl $475 and a bag of chips to paint his house and the house is burned down, the offer would be terminated. 

Call Garg and Associates today at 281-210-0010 or (alt.) 281-475-4640 or complete our Contact Form and let us assist you with your business law services and litigation needs.