Copyright Ruessmann

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Article 16

(1 ) Until a contract is concluded an offer may be revoked if the revocation reaches the offeree before he has dispatched an acceptance.

(2) However, an offer cannot be revoked:

  1. if it indicates, whether by stating a fixed time for acceptance or otherwise, that its irrevocable; or
  2. if it was reasonable for the offeree to rely on the offer as being irrevocable and the offeree has acted in reliance on the offer.

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