Practice question
An offer allows ten days to accept, but no option consideration is paid or promised. The offeror communicates withdrawal before acceptance. Under Article 1324, does the stated period alone necessarily make the offer irrevocable?
- Yes, every period is a paid option
- Yes, even without any consideration
- Only if the document has a heading
- Only if the offeree likes the terms
- No; the consideration-founded option exception must be distinguished
Legal references
- Civil Code, Articles 1159,1191,1249,1308,1314-1316,1319,1322-1326,1933-1934,1962 and1980: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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