Explanation of Article 99
This article addresses the statement of "lapse of the offer," which is: the termination of the offer before it is met with acceptance. The article stipulates that the offer lapses in two cases:
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First: If "the offer is rejected by the person to whom it was directed," meaning that the other party to whom the offer was directed rejects it, then they may not accept the offer afterward. For example, if a person offers to sell their car to another, and the other party rejects it, they may not accept the offer later.
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Second: If "the specified period for acceptance expires without acceptance being issued," meaning that the period specified by the offeror for responding to the offer expires without acceptance being issued by the other party. In this case, the offer lapses and cannot be accepted afterward.
It is worth noting that this ruling applies to all types of offers, whether explicit or implicit, written or oral, whether made in the contract session or by message, or through modern means of communication, and whether directed to a specific person or to the public.
The lapse of the offer results in the termination of the offer, so it does not produce any legal effect.
Related To
Article 99
A contract shall not impose obligations on a third party, but may create rights for such party.