English Contract Law - The offeror may withdraw it.
Before an offer is accepted, the offeror is free to withdraw it. The offeror is obligated to do so, however, if the offeree and the offeror have agreed to keep the offer open for a particular period of time. Revocation needs to be announced For a withdrawal of a bilateral offer to be effective, the offeree must be informed. It doesn't matter whether the offeror or a third party informs the offeree of the revocation. The revocation of offers is not subject to the postal acceptance regulation. Revocation of unilateral offers is subject to different regulations.
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