Search results
Results From The WOW.Com Content Network
In the United States, an exception is the merchant firm offer rule set out in Uniform Commercial Code - § 2-205, which states that an offer is firm and irrevocable if it is an offer to buy or sell goods made by a merchant and it is in writing and signed by the offeror. [2] Such an offer is irrevocable even in the absence of consideration. If ...
The offer is therefore revocable at any time by the offeror before acceptance by the offeree. In the US, the Uniform Commercial Code has invalidated the doctrine of nudum pactum as it applies to offers made by "merchants" under the firm offer rule under certain circumstances. It holds that those offers are legally enforceable in a manner ...
An offer is a display of willingness by a promissor to be legally bound by terms they specify, made in a way that would lead a reasonable person in the promisee's position to understand that an acceptance is being sought and, if made, results in an enforceable contract.
Treitel defines an offer as "an expression of willingness to contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed", the "offeree". [1] An offer is a statement of the terms on which the offeror is willing to be bound.
The English common law established the concepts of consensus ad idem, offer, acceptance and counter-offer. The leading case on counter-offer is Hyde v Wrench [1840]. [ 3 ] The phrase "Mirror-Image Rule" is rarely (if at all) used by English lawyers; but the concept remains valid, as in Gibson v Manchester City Council [1979], [ 4 ] and Butler ...
A counter offer is an offer which concerns the same subject matter but with different terms than the original offer. If a counter-offer is made by the offeree to the offeror, then the original offer is deemed rejected, and the power of acceptance included in the original offer is terminated. [32]
Prior to Google's offer, Wiz last May had raised $1 billion at a $12 billion valuation. In all, it has raised $1.9 billion in private financing and has used some funds to make acquisitions.
Firm offer, an offer that is irrevocable for a certain period or until a certain time or occurrence of a certain event; Offer and acceptance, elements of a contract; Offer of judgment, a United States tort reform law aimed at controlling unnecessary litigation and at encouraging settlement; Settlement offer, an offer to end a civil lawsuit out ...