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TERMINATION OF POWER OF ACCEPTANCE UNDER OPTION CONTRACT

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Accueil LexInter.net

 

RESTATEMENT (SECOND) OF CONTRACTS

 

 

37. TERMINATION OF POWER OF ACCEPTANCE UNDER OPTION CONTRACT

Notwithstanding 38-49, the power of acceptance under an option contract is not terminated

by rejection or counter-offer, by revocation, or by death or incapacity of the offeror, unless the

requirements are met for the discharge of a contractual duty.

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Accueil LexInter.net

 

RESTATEMENT (SECOND) OF CONTRACTS

 

 

37. TERMINATION OF POWER OF ACCEPTANCE UNDER OPTION CONTRACT

Notwithstanding 38-49, the power of acceptance under an option contract is not terminated

by rejection or counter-offer, by revocation, or by death or incapacity of the offeror, unless the

requirements are met for the discharge of a contractual duty.