28-2-512. How proposal revoked.
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/mt/title-28/chapter-2/part-5/28-2-512·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
28-2-512 . How proposal revoked. A proposal is revoked by:
(1)the communication of notice of revocation by the proposer to the other party in the manner prescribed by 28-2-501 and 28-2-502 before the other party's acceptance has been communicated to the proposer;
(2)the lapse of the time prescribed in the proposal for its acceptance or, if no time is prescribed, the lapse of a reasonable time without communication of the acceptance;
(3)the failure of the acceptor to fulfill a condition precedent to acceptance; or
(4)the death or serious mental illness of the proposer.