Real Estate Sales Offers and How They Work

When doing any form of business and it entailsand form a binding contract but the offeree who
entering into Jamaica real estate sales contracts it ismakes the counter-offer cannot change his mind and
important to understand the offer process.revive the original offer unless the offeror so agrees.
An offer to the general publicIt is important to note that a mere request for further
Sometimes an offer is made to the 'whole world' byinformation is not a counter-offer and therefore does
advertisement, for example, an offer of a reward fornot destroy the original offer.
information leading to recovery of stolen property. If anLapse: An offer may lapse and therefore become
advertisement is in the form: 'If anyone does.....then I willincapable of acceptance for the following reasons:
give that person......," then it will probably be an offer andPassage of time: If an offer states that it is open for
the advertiser will then be bound by it.acceptance until a certain day, a latter acceptance will
A contract arising out of an offer to the general publicclearly be ineffective. Even if there is no express time
is sometimes called a unilateral contract because thelimit, an offer is normally open only for a reasonable
offeror does not know who will accept his offer. It istime.
conceivable that an offeror may refuse anFailure of a condition subject to which the offer was
acceptance of a public offer on the grounds that themade: if the offer was made subject to a condition
acceptor was not motivated by knowledge of theand that condition is not fulfilled, the offer is incapable
offer when he took the action specified in the offer,of acceptance. Such a condition may be express or
but the precedents on this point are not very clear.implied.
Termination of the offerDeath of the offeror: The offer lapses when the
An offer may terminate by revocation, rejection orofferee hears of the offeror's death and cannot be
lapse of time.subsequently accepted. The law is uncertain in
Revocation: The withdrawal or revocation of an offersituations where an acceptance is made in ignorance
may be made at any time before acceptance but toof the offeror's death. However, if the contract is
be effective it must be communicated to the offeree.dependent upon the offeror's personality, for example,
It is not necessary for the offeror himself toan offer to paint a picture or write a book, the offer
communicate the revocation to the offeree as long asterminates automatically on death. If, on the other hand,
the latter received the information from a reliablethe offer is independent of the offeror's personality
source.and can be satisfied out of his estate, for example, an
Rejection: An offer may be rejected expressly by theoffer to sell goods, the acceptance is valid if made
offeree but notice thereof is only effective when itbefore the offeree has been notified of the death.
actually reaches the offeror. A rejection is impliedDeath of the offeree: Although there is no English
where the offeree makes a counter-offer varying theauthority on this point the offer lapses on the death of
terms of the original offer. The party who made thethe offeree and cannot be accepted by his personal
original offer may, of course, accept the counter-offerrepresentatives.