Another way termination of an offer can occur is through the lapse of time. Offerees typically have a reasonable period of time to respond once they learn of the offer. The timeframe can vary based on contract subject matter as well as any prior deals between the involved parties. Disability, incapacitation, Finally, a change in the law which makes a potential contract illegal will terminate an offer, since courts will not enforce an illegal contract. In conclusion, offer can be terminated by Revocation, Rejection, Lapse of time, Conditional Offer, Operation of law, Death, Acceptance and Illegality. It was held that the offer to allotment had not been made within a reasonable time and the offer had therefore lapsed. Thus, there was no contract. Between five months, the share price really fluctuates a lot. The second one is revocation. An offer can be revoked at any time before its acceptance.