Someone who makes an offer to create the contract (the offeror) always has the absolute power to revoke the offer before it is accepted by the offeree. There are no exceptions. True or False and why?

Someone who makes an offer to create the contract (the offeror) always has the absolute power to revoke the offer before it is accepted by the offeree. There are no exceptions.
True or False and why?

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Answer

• False
  Explanation:
  According to the revocability rule, the offeror is free to revoke the offer until a contract is conclude when the revocation reaches the offeree before he makes an acceptance. There are certain circumstances under which the offeror cannot revoke the offer even before acceptance is made. A revocable offer can be treated as irrevocable if it was reasonable for the offeree to rely on the offer as being irrevocable and when the offeree acts on reliance to the offer.