{"id":23121,"date":"2021-03-30T12:06:42","date_gmt":"2021-03-30T10:06:42","guid":{"rendered":"https:\/\/stbb.co.za\/dev2\/?p=23121"},"modified":"2022-03-03T12:11:54","modified_gmt":"2022-03-03T10:11:54","slug":"thought-of-the-week-can-i-unilaterally-revoke-an-offer-before-acceptance","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/thought-of-the-week-can-i-unilaterally-revoke-an-offer-before-acceptance\/","title":{"rendered":"Thought of the Week | Can I unilaterally revoke an offer before acceptance?"},"content":{"rendered":"<p><em><strong>University of the North v Franks &amp; Others<\/strong><\/em><strong data-stringify-type=\"bold\">\u00a0&#8211; (2002) 23 ILJ 1252 (LAC)\u00a0<\/strong><\/p>\n<p>Two of the fundamental elements of the South African Law of Contract is offer and acceptance.\u00a0In other words, for a legally binding contract to come into existence, there must be a valid offer and there must be a valid acceptance of such an offer.<\/p>\n<p>It often happens that when a party makes an offer (the offeror) to another party (the offeree), the offeror will insert a time by when the offer is to be accepted.\u00a0If the offer is not accepted within the specified period of time, the offer will lapse and be of no further legal force and effect.\u00a0On the other hand, it might also happen that such an offer does not contain a time period by when the offer is to be accepted.\u00a0For present purposes, the former type of offer will be referred to as a \u2018<em data-stringify-type=\"italic\">time sensitive offer\u2019<\/em>\u00a0and the latter will be referred to as an \u2018<em data-stringify-type=\"italic\">open offer<\/em>\u2019.<\/p>\n<p>The question that needs to be answered is: Can an offeror lawfully revoke a time sensitive offer and \/ or an open offer before the offeree has accepted same?\u00a0We explore this question <a href=\"https:\/\/stbb.co.za\/dev2\/can-i-revoke-an-offer\/\">here<\/a>.<\/p>\n<p>For assistance, contact <a href=\"https:\/\/stbb.co.za\/dev2\/lawyer\/david-thompson\/\">David Thompson<\/a> on\u00a0<a href=\"mailto:davidt@stbb.co.za\/dev2\" aria-expanded=\"false\" aria-haspopup=\"menu\" data-sk=\"tooltip_parent\" data-stringify-link=\"mailto:davidt@stbb.co.za\/dev2\">davidt@stbb.co.za\/dev2<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>University of the North v Franks &amp; Others\u00a0&#8211; (2002) 23 ILJ 1252 (LAC)\u00a0 Two of the fundamental elements of the South African Law of Contract is offer and acceptance.\u00a0In other words, for a legally binding contract to come into existence,<\/p>\n","protected":false},"author":68,"featured_media":3166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[137,110],"tags":[],"class_list":["post-23121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-thought-of-the-week"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Thought of the Week | Can I unilaterally revoke an offer before acceptance? 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