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What else can I help you with?
What is the effect of a counter offer on the original offer?
the original offer is revoked by counter offer
What two rules govern the revocation of contracts?
Two important rules govern revocation: an offer can be revoked any time before it is accepted, and a revocation becomes effective when it it received by or communicated to the offeree.
Can you be sued for making a verbal deal and taking a deposit on a car sale and then selling for better offer Can I be sued by either party and for what?
Yes you can be sued for breach of contract. A verbal agreement can be considered a contract and the fact that you accepted a deposit suggests that you and the buyer had reached an agreement.
What can an offer be terminated by?
Well first, "in a Unilateral contract the offer cannot be revoked if the offeree has begun or has substantially completed performance. (Cheeseman 2010)" however In my opinion he just made the bid and after the offeree accepted them is created a contract so they have not yet sign any type of contract. anyway according to the law if the offer is one that leads to a unilateral contract, then unless there was an ancillary contract entered into that guaranteed that the main contract would not be withdrawn, the contract may be revoked at any time. Also, "An offeror may revoke an offer before it has been accepted, but the revocation must be communicated to the offeree, although not necessarily by the offeror: (Dickinson v. Dodds 1876)" but again if they had encapsulated in a option of the contract, revoked the offer would be not possible. In his case the first thing he have to do is to call the offeree and explain him the situation, also (even this would depend of the consciousness of the person and his values and moral) the offeree would notice since he saw the bid something is wrong because when before send him the bid he would know what was the offer made to him "No contract is created if the offer is not accepted. (Cheeseman 2010)" "An offer may be terminated at any time before it is accepted. However, once an offer is accepted it becomes irrevocable. (Goldsbrough Mort & Co Ltd v Quinn)"
When can an offer be withdrawn?
An offer can be withdrawn at any time before it has been accepted by the offeree. However, the withdrawal must be communicated effectively to the offeree to be valid. If the offer has a specified time frame for acceptance, it cannot be withdrawn until that period has expired. Additionally, if the offeree has already begun performance of a unilateral contract, the offer generally cannot be revoked.
When can an offer to form a unilateral contract be revoked?
If you have a unilateral contract, then you have the right to revoke it. This is fairly basic contract law. For a contract to be binding and irrevocable both parties must understand and sign the contract.
How can an offer be accepted?
A contract (either written or verbal) has THREE requirements to be valid.1) An offer2) An acceptance of the offer3) A payment, or other thing of value, actually changing hands validating the agreement.
What does the keyword "admit until date means" signify in the context of admissions for this program?
The keyword "admit until date" signifies the deadline by which a student must confirm their acceptance into the program. After this date, the admission offer may be revoked if not accepted.
What are 3 ways in which an offer can terminate?
An offer can terminate in three primary ways: first, it can be revoked by the offeror before it is accepted; second, it can expire after a specified time period or after a reasonable time if no time is stated; and third, it can be terminated by the death or incapacity of the offeror or offeree, which renders the offer void. Additionally, an offer may also be terminated if it becomes illegal or if the subject matter is destroyed.
Which newspaper reported that Cowell revoked an offer to JLS were to be signed to Epic Records?
The Sun
How can an offer be kept open?
An offer can be kept open by explicitly stating a time frame during which the offer remains valid, often referred to as a "firm offer." Additionally, the offeror can communicate their intention in writing to keep the offer open for a specified period, ensuring that the offeree is aware of the timeline. In some cases, consideration may be required to support the promise to keep the offer open, such as a small payment. Finally, the offer can be kept open until it is either accepted, rejected, or revoked by the offeror.
What are the circumstances under which an offer lapses and stands revoked?
An offer lapses and stands revoked under several circumstances: if the specified time for acceptance expires, if the offeree rejects the offer, or if the offeror dies or becomes legally incapacitated before acceptance. Additionally, an offer may lapse if there is a change in circumstances that makes the offer impossible to fulfill. Lastly, if the offer is made based on a specific condition that is not met, it can also lapse.
