Under what circumstances is an offer typically terminated?

An offer is typically terminated when a counter-offer is made or when the offer is revoked. This dynamic reflects the principles of contract law, where an offer represents a willingness to enter into a contract under specified terms.

When a counter-offer is made, it signifies that the original offer has been rejected and a new set of terms is being proposed. This action effectively negates the initial offer, as it shows that the parties are not in agreement on the terms presented.

Similarly, an offer can be revoked by the offeror at any time before acceptance, as long as the revocation is communicated effectively to the offeree. Once an offer is revoked, it is no longer valid or enforceable, and the offeree cannot accept it.

Other situations mentioned, like expressing interest or making an acceptance, do not terminate the offer. Expressing interest does not change the status of the offer itself, and the acceptance formally creates a binding agreement rather than terminating the offer. Additionally, when all parties agree to a revision, they are typically modifying the existing terms rather than terminating the offer, as a mutual agreement can lead to a new contract based on those revised terms.