Can an offer in Georgia be revoked after acceptance?

In Georgia, the principle of contract law states that an offer can generally be revoked before it has been accepted. However, once an offer is accepted, it becomes binding, and the offeror cannot revoke it, which explains why the notion that an offer can be revoked after acceptance is not accurate.

The correct assertion is that an offer can be revoked after acceptance only in certain circumstances, primarily if there are no considerations or conditions that would prevent revocation. Specifically, such exceptions include situations involving an option contract or a firm offer under the Uniform Commercial Code (UCC).

An option contract is a type of agreement where the offeror promises to hold an offer open for a specific period in exchange for consideration. In such cases, the offer cannot be revoked because the offeree has paid for that right. Similarly, a firm offer under the UCC refers to a merchant's offer that is assured to remain open for a set period, thus preventing revocation.

Understanding these exceptions is crucial, as it distinguishes between general contract principles and specific rules that apply in certain contexts. This reveals why the option that acknowledges these specific cases stands as the correct answer.