What leads to the termination of an offer in a legal contract?

An offer in a legal contract can be terminated through several mechanisms, and one of the most important methods is through a lapse of time, rejection, or operation of law.

When an offer is made, it does not last indefinitely; if it is not accepted within a reasonable timeframe, it can expire. This lapse varies depending on the circumstances surrounding the offer, but it emphasizes the need for prompt action. Similarly, if the offeree explicitly rejects the offer, that rejection effectively ends the possibility for acceptance, thereby terminating the offer. Finally, operation of law may refer to situations such as the death or incapacity of the offeror, which legally nullifies the offer regardless of the offeree's position.

The other choices do not encompass the complete range of circumstances that can lead to termination. Acceptance by the offeree actually represents the opposite of termination, solidifying the agreement. A counter-offer implies a new proposition that replaces the original offer, but it does not fully account for the other methods of termination. Confirmation of terms by both parties, similarly, suggests an agreement, rather than termination. Thus, considering all these factors, the correct response appropriately identifies the multiple ways an offer can be effectively terminated in a legal context.