Which type of offer ends when the time for acceptance expires?

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Lapse of offer refers to the situation in which an offer is no longer valid because the time period allowed for acceptance has expired. For an offer to be valid and capable of acceptance, it must be acted upon within a specific timeframe defined by the offeror, or else it lapses.

When the specified time for acceptance has passed, or if no time was defined, the offer lapses after a reasonable amount of time, leading to the conclusion that the offeree can no longer accept it. This concept is essential in contract law because it establishes clear timelines for both parties involved in a transaction.

The other options reflect different scenarios regarding offers but do not pertain specifically to the expiration of the acceptance period. A revoked offer implies that the offeror has withdrawn the offer before acceptance. An implicit offer refers to a situation where an offer is inferred from conduct or circumstances, rather than explicitly stated. An invalid offer is one that lacks the necessary elements to be considered legally enforceable. Hence, understanding the lapse of offer is crucial, as it directly relates to the timing and validity of acceptance.

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