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A Barter double auction is an auction where every participant has a demand and an offer consisting of multiple attributes and no money is involved. [46] For the mathematical modelling of satisfaction level, Euclidean distance is used, where the offer and demand are treated as vectors.
an offer to buy for a price, or; An offer to sell good for a price, and; the acceptance of such offer. A Contract may provide for: the immediate delivery of the goods, or; immediate payment of the price, or; the immediate delivery of the goods and payment both, or; for the delivery or payment by installments, or
Prior to acceptance, an offer may be withdrawn. As acceptance must be communicated, the offeror cannot include an Acceptance by Silence clause. This was affirmed in Felthouse v Bindley, [36] here an uncle made an offer to buy his nephew's horse, saying that if he did not hear anything else he would "consider the horse mine". This did not stand ...
The CISG says that any change to the original conditions is a rejection of the offer—it is a counter-offer—unless the modified terms do not materially alter the terms of the offer. Changes to price, payment, quality, quantity, delivery, liability of the parties, and arbitration conditions may all materially alter the terms of the offer. [41]
One cannot doubt that, as an ordinary rule of law, an acceptance of an offer made ought to be notified to the person who makes the offer, in order that the two minds may come together. Unless this is done the two minds may be apart, and there is not that consensus which is necessary according to the English law - I say nothing about the laws of ...
Vintage watches and expensive alarm clocks were the epitome of luxury in 2024. This year, however, $600 calendars and stained-glass lamps have become the new status symbols.
A gang member “giggled” as he admitted to kidnapping a young Texas woman at gunpoint and threatening to pimp her out and sell her organs, according to cops.
General offer: It is an offer made to public at large with or without any time limit. Specific offer: It is a type of offer, where an offer is made to a particular and specified person, it is a specific offer. Continuous offer: An offer which is made to the public at large and if it is kept open for public acceptance for a certain period of time.