What is one factor that affects whether an offer lapses?

An offer lapses after a certain period of time, which is a crucial factor in contract law. The concept of offers lapsing relates directly to the time elapsed since the offer was made. If no acceptance occurs within a designated timeframe, or if a reasonable timeframe has passed without acceptance, the offer is considered to have lapsed, meaning the offeree can no longer accept it. This lapse is significant because it protects the offeror from indefinite obligations and provides clarity on when the offer is no longer valid.

While the intention of the offeror and the method of communication are also important in the context of contract formation, they do not directly dictate when an offer lapses. The offeree's location may impact the logistics of communication or acceptance but does not change the essential nature of the time element concerning the offer's validity. Thus, the elapsed time since the offer was made is a definitive factor in determining whether or not the offer is still open for acceptance.