In what circumstances can an option be withdrawn?
Saskatchewan, Canada
The following excerpt is from Frobisher Limited v. Canadian Pipelines & Petroleums Limited, 1957 CanLII 163 (SK CA):
In Helby v. Matthews [1895] AC 471, at 477, 64 LJQB 465, Lord Herschell, L.C. stated that an option was “in truth merely an offer which cannot be withdrawn.”
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