At what point can an offer be withdrawn by the offeror?

Show Answers

Prior to the acceptance being conveyedBefore the rejection is communicatedEither before acceptance or rejection is notifiedOnly after a counteroffer is madeNever once the offer is made

Explanation

An offer can be revoked any time before the acceptance is communicated to the offeror. Once acceptance is conveyed, the offer becomes binding and cannot be withdrawn. Therefore, withdrawal is valid prior to acceptance notification.