Irrevocable Offers | Contract Law | Elements of Formation

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This lesson continues our coverage of offer and acceptance with a look at the offeror's power of revocation and the ways in which an offer can be made irrevocable, i.e., unable to be withdrawn by the offeror, for a period of time.

Chapters
00:00 - Intro
00:43 - Revocation Generally
02:35 - Irrevocability
03:35 - (1) Option Contracts
22:44 - (2) Promissory Estoppel
26:31 - (3) Unilateral Contracts
37:25 - (4) UCC Firm Offer Rule
46:56 - Conclusion/Outro

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