IS THE OFFER IRREVOCABLE?

1. Angie calls Ben and offers to sell Ben her house for $150,000 and promises to keep the

offer open for 30 days.

This contract is irrevocable because it was an oral promise that was not written and without

consideration, and signed writing was.

2. Angie speaks to Ben and offers to sell Ben her house for $150,000. Angie says she will

keep the offer open for 30 days if Ben gives her $100, which he does.

The contract is irrevocable because money is given to keep the value open. Further, there was no

signed writing nor a consideration done.

3. Angie sends Ben a signed letter offering to sell Ben her house for $150,000 and stating

that the offer will expire in 30 days if she does not hear from Ben then.

This is revocable. This is because Angie stated the time the offer will expire, although the offer

is in signed writing. Further, no consideration was given.

4. Angie sends Ben a signed letter offering to sell Ben her house for $150,000 and stating

that the offer will not be withdrawn for 30 days.

This is irrevocable in 30 days because the offer was open, signed in writing, and used formal

language.

5. Angie sends Ben a signed letter offering to sell Ben her house for $150,000 and stating

that the offer is irrevocable for 6 months.

Angie’s offer is irrevocable for 6 months, and she had promised to keep the order open for those

6 months in signed writing; proper language was used.

6. Sandy, a manufacturer of radios, calls Bob on the telephone and offers to sell Bob 100

radios at $5.00 each and tells Bob it is a firm offer for 30 days.

Sandy’s offer is revocable. Sandy is a merchant who deals with radios and has offered an open

with an open promise. The promise is not binding because there is neither signed writing nor

consideration.

7. Sandy, a manufacturer of radios, sends Bob a signed letter offering to sell Bob 100

radios at $5.00 each and states that it is a firm offer for 30 days.

Sandy's offer is irrevocable for 30 days. Sandy is a radio merchant who has promised to keep the

offer open in signed writing under UCC 2-209.

8. Sandy, a manufacturer of radios, sends Bob a signed letter offering to sell Bob 100

radios at $5.00 each and stating that it is a firm offer for 6 months.

Sandy's offer is irrevocable for 3 months under UCC 2-205, and she has promised to keep the

offer open through signed writing. Under UCC2-205, an offer has an irrevocable period of 3

months at maximum. However, the offer will remain irrevocable for another 3 months if it is not

terminated during the first three months. That is, if Sandy revokes or Ben makes a rejection of

the offer.

9. Sandy, a manufacturer of radios, sends Bob a signed letter offering to sell Bob 100

radios at $5.00 each and stating that the offer will expire in 30 days.

Sandy's offer is revocable. Although Sandy is a Radio merchant who has signed writing, she did

not make a promise that the offer would remain open, but she notified Ben merely when it would

be terminated.