Contracts I

Revocation


Class Info

Law School: Liberty University School of Law

Course ID: LAW 505

Term: Fall 2017

Instructor: Prof. Rice

My Grade Earned: B


Restatement Second of Contracts § 42

Revocation by Communication From Offeror Received by Offeree

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An offeree's power of acceptance is terminated when the offeree receives from the offeror a manifestation of an intention not to enter into the proposed contract.

Restatement Second of Contracts § 43

Indirect Communication of Revocation

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An offeree's power of acceptance is terminated when the offeror takes definite action inconsistent with an intention to enter into the proposed contract and the offeree acquires reliable information to that effect.

Restatement Second of Contracts § 46

Revocation of General Offer

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Where an offer is made by advertisement in a newspaper or other general notification to the public or to a number of persons whose identity is unknown to the offeror, the offeree's power of acceptance is terminated when a notice of termination is given publicity by advertisement or other general notification equal to that given to the offer and no better means of notification is reasonably available.