All Noun
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  • Revocation of an offer must be received and understood by the offeree before it comes into effect.
  • If he does not inform the offeree, he is deemed to have accepted the offer.
  • The offer cannot be accepted if the offeree knows of the death of the offeror.
  • This is because the offeree no longer needs protection against subsequently mailed revocations of the offer.
  • Next, offeree's acceptance forms bearing the different terms is examined.
  • If the offeree fails to accept the offer within this specific period, then the offer will be deemed as terminated.
  • Once an offer is made, the general rule is the offeree must communicate her acceptance in order to have a binding agreement.
  • If the offer is one that leads to a unilateral contract, the offer generally cannot be revoked once the offeree has begun performance.
  • The offeree must provide consideration, although the consideration does not have to flow to the offeror.
  • An exception to this would be if the offeree knows or has reason to know that the letter of acceptance never reached the offeror.
  • An acceptance by the offeree before they receive notice of the revocation will be considered valid.
  • However, these are generally non-negotiable with the offeree since only a minimum amount of the bond repurchases are allowed.
  • A mere mental determination on the part of offeree to accept an offer does not amount to valid acceptance.
  • An offer must be some indication of the offeror to the offeree that he is prepared to form a binding legal agreement.
  • The offer is therefore revocable at any time by the offeror before acceptance by the offeree.
  • An offer is rendered invalid upon the death of the offeree: see Re Irvine.
  • In principle, the offeror must be notified of the offeree's decision to accept the offer.
  • Some offers may not be revoked; for example when the offeree reasonably relied upon the offer as being irrevocable.
  • A promise or act on the part of an offeree indicating a willingness to be bound by the terms and conditions contained in an offer.
  • Ordinarily, a contractual offer can be deemed to be accepted when it leaves the offeree and enters the postal system.
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