revocation of offer

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The withdrawal of an offer by the offeror so that it can no longer be accepted. Revocation takes effect as soon as it is known to the offeree (from whatever source); offers can be revoked at any time before acceptance unless they are coupled with an option (Routledge v Grant (1828) 4 Bing 653, 130 ER 920). See also lapse of offer; rejection of offer.

Subjects: Law.

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