Contracts
An Oregon seller accepts a buyer's offer at 9:00 AM and notifies the buyer's agent at 10:00 AM. At 9:30 AM, the buyer had emailed a revocation of the offer. The contract is:
AValid, because acceptance occurred before the revocation was communicated to the seller
BVoid, because the buyer revoked before the seller communicated acceptance✓ Correct
CVoidable at the seller's option
DValid only if the seller did not read the revocation email
Explanation
An offer can be revoked any time before acceptance is communicated to the offeror. The buyer revoked at 9:30 AM, before the seller communicated acceptance at 10:00 AM. Therefore, there was no binding contract formed.
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