Termination of Offer due to Death in Contract Law
What is the impact of Wally's death on the offer he made to Valu Lumber Outlet?
a) Renders the offer void
b) Makes the offer irrevocable
c) Transfers the offer to Wally's estate
d) Has no impact on the offer
Final answer: Wally's death would render the offer void due to the interruption of mutual agreement or assent in the contracting process.
Answer:
Wally's death would render the offer void. In contract law, the death of an offeror before the offeree accepts the offer interrupts the process of mutual assent or agreement between the parties involved. This interruption effectively terminates the offer.
In the context of contract law, the death of the offeror, in this case, Wally, would likely render the offer void. An offer in contract law requires mutual assent or agreement between the offeror and the offeree. However, when the offeror, Wally, passes away before the offeree, Valu Lumber Outlet, accepts the offer, it interrupts the process of mutual agreement and renders the offer void.
The reason for this is that an offer is a proposal that requires acceptance to form a legally binding contract. When one party dies before the offer is accepted, the capacity to form this mutual agreement is lost, thereby nullifying the offer. In this scenario, Wally's death would prevent Valu Lumber Outlet from accepting the offer that Wally had made.
Essentially, Wally's death terminates the offer and prevents any further legal action regarding the initial agreement proposed by Wally. This means that the offer made by Wally to Valu Lumber Outlet is no longer valid and cannot be accepted or enforced due to the absence of mutual agreement caused by Wally's death.
Therefore, in contract law, the death of the offeror, Wally, has a significant impact on the offer he made to Valu Lumber Outlet, as it renders the offer void and prevents its acceptance or further negotiation.