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An agreement to keep the offer open for a certain period of time cannot be cancelled before the expiry…

Sufficient consideration can make a promise to keep an offer open binding for the agreed period. This creates an option contract separate from the proposed main transaction.…

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An agreement to keep the offer open for a certain period of time cannot be cancelled before the expiry of that time period if

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Sufficient consideration can make a promise to keep an offer open binding for the agreed period. This creates an option contract separate from the proposed main transaction. Merely stating a deadline for acceptance normally does not prevent withdrawal before acceptance.

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