Question

The Toy Company offers to sell Wal-Mart 10,000 dolls at a certain price. The offer, which is signed by TTC's President, is complete and certain as to all material terms. The offer also states that it will remain open for four months but does not require any consideration in support of this promise. TTC revokes the offer 100 days after it was made. Is this revocation effective? Would your answer change if TTC revoked 80 days after the offer was made?

Answer 1

The revocation of the offer made by TTC to Wal-Mart would depend on the terms of the offer and when it was revoked.

Step-by-step explanation:

The revocation of the offer made by the Toy Company (TTC) to Wal-Mart would depend on the terms of the offer. If the offer stated that it would remain open for four months, then the revocation made after 100 days would be ineffective. This is because the offer was intended to remain open for the specified period. However, if TTC revoked the offer after 80 days, it would likely be effective since the four-month period would not have expired.