If the seller has accepted the prospective buyer's offer but has not informed the buyer of acceptance yet, can the buyer revoke their offer?

If the seller has accepted the prospective buyer's offer but has not informed the buyer of acceptance yet, can the buyer revoke their offer?

• A. Yes
• B. No
• C. Only if the buyer withdraws within 24 hours
• D. Only with seller consent

Answer: (A)

The key idea is that acceptance becomes binding only when the offeror receives notice of it. If the seller has already accepted but has not yet informed the buyer, there is no contract in place yet. Because the buyer hasn’t learned that acceptance occurred, they can still revoke their offer; the contract won’t be formed until the buyer actually receives the seller’s acceptance. Once the buyer is informed of the acceptance, a contract would exist and revoking the offer would no longer be possible.

The key idea is that acceptance becomes binding only when the offeror receives notice of it. If the seller has already accepted but has not yet informed the buyer, there is no contract in place yet. Because the buyer hasn’t learned that acceptance occurred, they can still revoke their offer; the contract won’t be formed until the buyer actually receives the seller’s acceptance. Once the buyer is informed of the acceptance, a contract would exist and revoking the offer would no longer be possible.