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The "mirror image rule" states that if you are to accept an offer, you must accept an offer exactly, without modifications; if you change the offer in any way, this is a counter-offer that kills the original offer and the original offer cannot be accepted at a future time. [41]
If you do need to back out of an accepted offer, be honest with the seller as soon as you’ve made your decision. Work closely with your agent and attorney, who can help you communicate (in ...
It was a raw uncut diamond worth hundreds of times the selling price. The contract is not voidable. There was no mistake because neither party knew what the stone was. [5] Conversely, in a case where a person sells a cow for $80 because they think it is infertile and the cow turns out to be pregnant and worth $1000, the contract would be void. [6]
If the buyer cannot fulfil the contingencies in time, the original contract will cancel and the back-up offer will move into first position. The time period in the 72 hours clause can be negotiated but it is required to get that time approved ahead of time. The 72 hour clause was updated in late 2020. The notice period within which the buyer ...
Don't Let Fear Hold You Back. Negotiating a job offer can be scary because the outcome is unknown, but employers are likely expecting you to do so. ... "By accepting a job offer, you're making an ...
It is a general principle of contract law that an offer cannot be assigned by the recipient of the offer to another party. However, an option contract can be sold (unless it provides otherwise), allowing the buyer of the option to step into the shoes of the original offeree and accept the offer to which the option pertains. [8]
How can you tell if you should take a chance on a company? Google is your friend. Sometimes, finding the down-low about an organization is as easy as a simple Google search.
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 ...