WY Bar Practice Questions - Wyoming Bar Examination Exam

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A homeowner offers to sell her house to a buyer for $300,000. Before the buyer accepts, the homeowner sells the house to a third party and tells the buyer the offer is withdrawn. The buyer had not paid for an option. Under common law contract principles tested on the MBE, what is the buyer's position?

The offer was effectively revoked before acceptance, so no contract was formed with the buyer The buyer can enforce the original offer because offers are irrevocable The buyer can recover the house under specific performance The homeowner is liable for punitive damages for revoking the offer

Correct Answer:

The offer was effectively revoked before acceptance, so no contract was formed with the buyer

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