UBC Real Estate Practice Exam

Which of the following can terminate an offer due to the offeror's personal state such as insanity or death?

They do not affect offers Insanity or death terminates the offer Only death terminates Only insanity terminates

Correct Answer:

Insanity or death terminates the offer

Explanation:

A promise to keep an offer open relies on the offeror’s ability to consent and complete the deal. If the offeror dies or becomes insane, that ability ends, so the offer cannot be accepted or enforced. That’s why both insanity and death terminate the offer. The other options miss one or both of these possibilities (death or insanity), so they don’t fully capture what can terminate an offer in this context.

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