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proposed contract. An offer to contract may be made to a determinate or an indeterminate person, and a fixed time period for its acceptance may, but is not required to, be included. Where a term is attached, the offer may not be revoked before the period expires; if none is attached, the offer may be revoked at any time before acceptance is received by the offeror. Where the offeree receives a revocation before the offer, the offer lapses, even though a term is attached to it. An offer expires if an acceptance is not received by the offeror before

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