Under Louisiana Civil Code principles governing offer and acceptance for immovable property, which of the following would NOT cause an offer to lapse or become unenforceable before acceptance?
Correct Answer
D) The offeree communicates acceptance by the same method used to make the offer
Under Louisiana Civil Code Art. 1937, acceptance may be made in any reasonable manner unless the offeror specifies a particular method. Communicating acceptance by the same method used to make the offer is a perfectly valid form of acceptance — it does not cause the offer to lapse or become unenforceable. In fact, it is one of the most straightforward ways to accept. This is the only option that describes a circumstance that would NOT prevent contract formation.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An inspection contingency gives the buyer the right to have the property professionally inspected within a specified time frame and to negotiate repairs or cancel the contract based on the findings.
Liquidated damages are a predetermined amount of money specified in the contract that the non-breaching party is entitled to receive if the other party breaches. In real estate, the earnest money deposit typically serves as liquidated damages.
Novation is the substitution of a new contract for an existing one, or the replacement of one party with a new party, with the consent of all parties involved. The original party is completely released from all obligations.
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