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Opening bids of 3 of any suit are preemptive, showing a 7+ card suit and 6-10 points (mostly inside the bid suit). The meaning of 2 ♦, 2 ♥ and 2 ♠ varies. One common usage is that the bid shows a weak two bid, similar to a preemptive bid. Another is the strong two bid, which is natural and shows a very strong hand (too strong for a 1 ...
The process of academic elective course bidding is extensively followed at some of the Top 100 Ranking business schools and law schools. Wherein students receive bid points (mostly uniformly or bid points are calculated on the basis of their CGPA), students may utilize these bid points to select courses and place winning bids on an online ...
If a bidder who has lost the business against a competitor, can make a case at the court of law that the bidding process was discriminatory, the bidder can then protest the buyer's decision. The project will come to a halt, wasting both money and time, until the court has finalized its decision.
This is then divided up such that each will get a "fair share" of the total business, without truly having to compete with the others for that business. Bid delegation can be a factor fostering the presence of bid rigging; for instance, it is the case of marketing agencies that bid for the same ad space on behalf of different and competing agents.
An offeree is not usually bound if another person accepts the offer on their behalf without his authorization, the exceptions to which are found in the law of agency, where an agent may have apparent or ostensible authority, or the usual authority of an agent in the particular market, even if the principal did not realize what the extent of ...
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In mergers and acquisitions, a mandatory offer, also called a mandatory bid in some jurisdictions, is an offer made by one company (the "acquiring company" or "bidder") to purchase some or all outstanding shares of another company (the "target"), as required by securities laws and regulations or stock exchange rules governing corporate ...
The New Orleans-based 5th U.S. Circuit Court of Appeals rejected the Biden administration's request to pause a judge's Nov. 10 order vacating the $400 billion student debt relief program in a ...