Which event terminates an offer due to time expiration?

Which event terminates an offer due to time expiration?

• A. The offeror withdraws the offer.
• B. The time for an offer has passed.
• C. The offer is rejected completely.
• D. The property is destroyed.

Answer: (B)

Time limits govern how long an offer stays open. An offer remains valid only for the period stated or, if no period is stated, for a reasonable time. Once that window passes, the offer terminates and cannot be accepted—this is the expiration (or lapse) of the offer. In practice, if an offer says it expires at a certain time, after that moment acceptance doesn’t form a contract unless the offer is renewed or reoffered. Other actions like the offeror withdrawing the offer, the offeree rejecting it, or the subject property being destroyed end the offer for different reasons, not simply because time has run out.

Time limits govern how long an offer stays open. An offer remains valid only for the period stated or, if no period is stated, for a reasonable time. Once that window passes, the offer terminates and cannot be accepted—this is the expiration (or lapse) of the offer. In practice, if an offer says it expires at a certain time, after that moment acceptance doesn’t form a contract unless the offer is renewed or reoffered. Other actions like the offeror withdrawing the offer, the offeree rejecting it, or the subject property being destroyed end the offer for different reasons, not simply because time has run out.