Question
Patricia makes a written offer to Ted to sell her car for $10,000. In her offer, she states that this offer will remain open for
Patricia makes a written offer to Ted to sell her car for $10,000. In her offer, she states that "this offer will remain open for 5 days". Two days latter she tells Ted she has changed her mind.
question: advise Ted under the law of contract, whether he can still accept the offer and hold Patricia to the sale.
I think Ted has accepted when he received the offer, which means they have a valid contract with each other in this offer.
so, if they have a valid contract, the offer can be canceled only before the offeree acceptance.
In thiscase, Ted has already accepted the offer and it will remain 5 days, so Ted can still accept the offer and hold Patricia to the sale.
But I am not sure I am right. Please give me more detailed information.
Thank you!
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