Business Law

Revocation of Offers for Unilateral Contracts. A prob- lem arises in unilateral contracts when the promisor attempts to revoke (cancel) the offer after the promisee has begun performance but before the act has been com- pleted. 1 EXAMPLE 11.5 Seiko offers to buy Jin's sailboat, moored in San Francisco, on delivery of the boat to Sei- ko's dock in Newport Beach, three hundred miles south of San Francisco. Jin rigs the boat and sets sail. Shortly before his arrival at Newport Beach, Jin receives a mes- sage from Seiko withdrawing her offer. Has the offer been terminated