What term describes an offer with a termination date that can also be withdrawn before acceptance in Louisiana?

The term that describes an offer with a termination date that can also be withdrawn before acceptance in Louisiana is a revocable offer. A revocable offer allows the person who made the offer to withdraw it at any time prior to the other party's acceptance, even if a termination date has been set. This means that until the offer is formally accepted, the offeror retains the right to cancel the offer, ensuring flexibility in negotiations.

In contrast, a final offer refers to an offer that is presented as the last opportunity for acceptance and typically does not allow for further negotiations or changes. An irrevocable offer, on the other hand, is one that cannot be withdrawn once made, often due to stipulations that bind the offeror. Implied offers arise from actions or circumstances rather than explicit statements, making them distinct from explicit offers that can be clearly revoked before acceptance. Understanding these distinctions clarifies the nature of various types of offers in the context of Louisiana law.