In a business transaction, what happens to an offer if the subject matter is destroyed?

When the subject matter of an offer is destroyed, the offeree's power to accept the offer is terminated. This is because an offer is contingent upon the existence of the subject matter being offered. If that subject matter no longer exists, the essence of the offer is nullified.

In legal terms, an offer requires a specific object or service to be available for it to be viable. The destruction of this object means that the offer cannot be fulfilled as proposed, rendering the offer invalid. Therefore, the offeree can no longer accept the offer, as the conditions of the offer have been fundamentally altered. This principle is essential in contract law as it ensures that all parties have a clear and fair understanding of what is being agreed upon.