Allen R. Krauss Co. v. Fox
Arizona Court of Appeals
644 P.2d 279 (1982)
Relevant factsFree
After Krauss (plaintiff) made an initial $265,000 offer with $5,000 earnest money, Fox (defendant) countered with an offer to sell for $486,000, stating it would remain open until a specific deadline; Krauss signed an acceptance around noon on the deadline date but learned at 3:00 p.m. that Fox had decided not to sell, and nonetheless delivered the signed acceptance to escrow at 4:15 p.m. The trial court ordered specific performance for Krauss.
IssueFree
Whether an offer stating it will remain open until a specific time may be revoked prior to that deadline if the offeree gave no consideration to keep the offer open.