Final answer:
An offer can be withdrawn at any time before it is accepted. Once accepted, a binding contract is formed, and the offer cannot be withdrawn. Making a counteroffer also typically voids the original offer. The correct option is:C. If the right to withdraw is in the offer
Step-by-step explanation:
When can an offer be withdrawn? The correct answer is D. Anytime, prior to acceptance. An offer can be revoked at any point before it is accepted by the offeree, provided that the revocation is communicated to the offeree. This means that even if the offer states a specific time for acceptance, it can still be withdrawn before acceptance occurs, unless the offer is irrevocable because of option contracts or other binding agreements that maintain the offer for a certain period. However, once an offer is accepted, a binding contract is formed, and the offer can no longer be withdrawn.
It's important to note that making a counteroffer typically voids the original offer. The existence of a clause saying that the offer can be withdrawn ('if the right to withdraw is in the offer') is not necessary for revocation, as the right to revoke is inherent unless specifically waived. Therefore, while the option C might apply in some circumstances, the general rule that applies to all offers is D. Anytime, prior to acceptance. The correct option is:C. If the right to withdraw is in the offer