Episode 05: Offer or Not? What Makes an Offer (Un) Acceptable
In this episode of Organized: The Business Law Breakdown, we dive into the methods by which offers can be terminated or made irrevocable. When can an offer be revoked? When must it be kept open? We break down the nuances of termination of offers, option contracts, and the concept of irrevocability. Through real-world examples and key case discussions, you’ll come away understanding when offers can be accepted and when they’re off the table. Plus, we tackle a practice problem to help solidify the principles in action.