Offer To Terminate The Case

The ways in which an offer may terminate form a pillar of the contract law system and ultimately determine the formation of a contract and the distribution of contract interests. The terminating ways of an offer are divided as terminated by revocation, rejection, counter-offer, death, lapse of time, destruction of a person, acceptance and attached terminating conditions satisfied. This paper tries to reveal rules, where an offer terminates, governing the effectiveness of an offer, adjustment of offer act and interests distribution between the offerer and the offeree. This paper also focuses on analysis of the dividing of rights and obligations between the offerer and the offeree according to the ways in which an offer terminates. Legislative proposals are given respectively.