Humphrey pays Doug $250 for a sixty-day option to buy Doug's farm. Near the end of the option period, Humphrey asks for and gets a fifteen-day extension. No money was paid for the extension. After the original sixty-day period but within the fifteen-day extension, Doug withdraws the offer. Can Doug legally revoke the offer? Why or why not?

Answer rating: 100% (QA)

The legality of Dougs revocation of the offer depends on the terms and conditions of the option agreement between Humphrey and Doug Generally an offer ... View the full answer